World’s First-Ever Global Carbon Emissions Tax in the Shipping Sector Inches Closer To Reality

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The IMO held the latest round of talks to discuss how to regulate the emissions from the maritime sector, which accounts for three per cent of global carbon emissions.

The two-week-long discussion ended on Friday, with most nations favouring the introduction of the world’s first global carbon emissions levy.

34 nations supported a global greenhouse gas price, a major rise in support compared to the previous discussions held in 2023.

Campaigners played a major...

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