United Nations prepares to enforce world’s first ‘global tax on emissions.’

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  • The International Maritime Organization held its latest round of negotiations to discuss how to move forward on the climate regulation of the shipping industry.
  • Campaigners said growing support for the world’s first-ever global emissions levy meant it was now more likely to be adopted by the IMO next year.
  • “The UN is on the edge of adopting the world’s first-ever global emissions price, but the policy will only be as successful as countries make it to be,” said Sandra Chiri, shipping emissions international outreach manager at the Ocean Conservancy.
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Two weeks of talks at the United Nations shipping agency concluded in London on Friday, with a clear majority of countries emerging in favor of introducing the world’s first-ever global emissions levy.

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The International Maritime Organization held its latest round of negotiations to discuss how to move forward on the climate regulation of the shipping industry, which accounts for around 3% of global carbon emissions.

Thirty-four countries from high- and low-income states expressed backing a universal greenhouse gas price, reflecting a significant upswing in support from the last round of talks in 2023.

www.cnbc.com/2024/03/22/worlds-first-ever-global-emissions-tax-takes-a-step-closer-to-reality.html

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