Reported 2 days ago
The International Maritime Organization delayed a landmark vote on imposing a global carbon tax on ship emissions, influenced by the Trump administration's strong opposition. The decision, seen as a setback for international climate regulations ahead of the COP30 climate summit, reflects how U.S. pressure swayed countries like Singapore and Saudi Arabia to halt support for the tax. The proposed charge aimed to tackle over 1 billion tons of greenhouse gases annually but now faces uncertainty, complicating efforts to achieve net-zero emissions in the maritime industry.
Source: YAHOO