Nations debate historic first global carbon tax as shipping faces pressure to cut emissions 😊
Nations debate historic first global carbon tax as shipping faces pressure to cut emissions 😊
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A global carbon tax on shipping emissions is being discussed in London, potentially marking the first such tax worldwide. The International Maritime Organisation (IMO) aims for net-zero emissions by 2050, with over 60 countries supporting a standard price per tonne of emissions. However, the US threatens retaliatory measures against the tax, complicating negotiations. The shipping industry, responsible for about 3% of global CO2 emissions, is under pressure to decarbonize, with a carbon tax seen as a crucial step.
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