3 sources·Politics

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.

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  1. Will We Soon Have the World's First Global Carbon Tax?

    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 MagazineTIME Magazine·8d
    Reliable
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    Leans Left
    This outlet slightly leans left.
  1. TIME Magazine
  2. Associated Press
  3. Newsmax

Updated: Apr 11th, 2025, 7:29 AM ET

Summary

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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.


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World Shipping Nations Consider First Global Carbon Tax - Pano News