World Shipping Nations Consider First Global Carbon Tax
International Maritime Organization members debate a carbon tax for shipping emissions, aiming for a net-zero future by 2050 and responding to climate change concerns.
Failing to deliver significant progress on decarbonization is simply not an option for the maritime industry.
Will We Soon Have the World's First Global Carbon Tax?
TIME Magazine·8d
·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.Leans LeftThis outlet slightly leans left.Failing to deliver significant progress on decarbonization is simply not an option for the maritime industry.
Meeting on shipping emissions could result in the world's first global carbon tax
Associated Press·8d
·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.Failing to deliver significant progress on decarbonization is simply not an option for the maritime industry.
Meeting on Shipping Emissions Could Result in the World's First Global Carbon Tax
Newsmax·8d
·Mixed ReliableThis source has a mixed track record—sometimes accurate but also prone to bias, sensationalism, or incomplete reporting.RightThis outlet favors right-wing views.
Summary
As the International Maritime Organization convenes, 174 nations, excluding the US, may agree on the world's first shipping carbon tax amidst ongoing negotiations. Environmental goals include reaching net-zero emissions by around 2050. Contention surrounds tax implementation, with over 60 countries advocating for a metric ton-based tax, while others favor a credit trading model. The US has opposed the measures, citing economic repercussions. The decisions made could be formally adopted in October and implemented by 2027, highlighting urgent actions needed for decarbonization in the maritime sector.
Perspectives
This story is either non-partisan or does not have the required sources to create partisan perspectives.