U.S. blocks a global fee on shipping emissions as international meeting ends without new regulations
Summary
The United States has blocked a global fee on shipping emissions during an international meeting, preventing new regulations. President Trump and other countries like Saudi Arabia opposed the fee, which was meant to reduce emissions from ships worldwide. The meeting was adjourned for a year without any new rules being adopted.Key Facts
- The U.S. blocked a global fee on shipping emissions at an international maritime meeting.
- President Trump and countries like Saudi Arabia opposed the global tax on emissions.
- The International Maritime Organization (IMO) is the U.N. agency responsible for international shipping regulations.
- The proposed fee aimed to reduce greenhouse gas emissions from ships using heavy fuel oil.
- Over half of the countries at the meeting agreed to adjourn for one year without new regulations.
- Shipping contributes about 3% of global greenhouse gas emissions.
- The IMO aims for net-zero emissions from shipping by around 2050.
- The postponed regulations would have set limits and fees on shipping emissions.
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