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Global Shipping Emissions Levy Delayed as US Exerts Pressure
A crucial international meeting on emissions pricing for global shipping ended in stalemate yesterday, with countries agreeing to delay plans to impose a levy on the greenhouse gases produced by vessels. The decision, which was met with criticism from climate activists and experts, marks a significant setback in the fight against climate change.
The International Maritime Organisation (IMO) had initially proposed a levy, which would have required shipowners to pay a small charge on CO2 emissions and incentivize them to switch to cleaner fuels. However, the United States, Saudi Arabia, Russia, and other fossil fuel-rich nations successfully lobbied countries to put the plan on hold for at least a year.
The US had exerted significant pressure on countries in the lead-up to the meeting, threatening tariffs, penalties, and visa revocations if they supported the pricing mechanism. This campaign of intimidation was seen as bullying by many delegates, who accused the US of trying to block a key step towards reducing global shipping emissions.
Despite the setback, some experts believe that the delay may ultimately be beneficial for the planet. "Progressive shipping businesses and nations can still chart a course to a clean shipping future," said Dr Simon Bullock, a research fellow at the University of Manchester. "However, Mr Trump's aggressive lobbying has made their job much harder."
The IMO secretary general, Arsenio Dominguez, was scathing in his criticism of the meeting, saying that it was time for countries to reflect on how they approached the discussion and to prioritize cooperation over confrontation.
The delay means uncertainty and confusion for companies involved in shipping, as well as for global trade. However, experts estimate that the levy could raise $10 billion a year if implemented, which could help poor countries cope with the impacts of climate change.
Shipping accounts for around 3% of global greenhouse gas emissions, but this is forecast to rise to 10% by mid-century. The IMO has been working on reducing carbon from shipping for decades, but progress has been slow.
Climate activists are now calling on governments to come together and support a stronger plan to reduce emissions from shipping. "No single flag should dictate the world's climate course," said Anaรฏs Rios, senior shipping policy officer at Seas at Risk. "What matters now is that countries rise up and come back with a louder and more confident yes vote that cannot be silenced."
The planet does not have time to waste, as extreme weather events continue to ravage communities around the world. The next opportunity for global leaders to take action will come at the Cop30 UN climate summit in Brazil next month.
A crucial international meeting on emissions pricing for global shipping ended in stalemate yesterday, with countries agreeing to delay plans to impose a levy on the greenhouse gases produced by vessels. The decision, which was met with criticism from climate activists and experts, marks a significant setback in the fight against climate change.
The International Maritime Organisation (IMO) had initially proposed a levy, which would have required shipowners to pay a small charge on CO2 emissions and incentivize them to switch to cleaner fuels. However, the United States, Saudi Arabia, Russia, and other fossil fuel-rich nations successfully lobbied countries to put the plan on hold for at least a year.
The US had exerted significant pressure on countries in the lead-up to the meeting, threatening tariffs, penalties, and visa revocations if they supported the pricing mechanism. This campaign of intimidation was seen as bullying by many delegates, who accused the US of trying to block a key step towards reducing global shipping emissions.
Despite the setback, some experts believe that the delay may ultimately be beneficial for the planet. "Progressive shipping businesses and nations can still chart a course to a clean shipping future," said Dr Simon Bullock, a research fellow at the University of Manchester. "However, Mr Trump's aggressive lobbying has made their job much harder."
The IMO secretary general, Arsenio Dominguez, was scathing in his criticism of the meeting, saying that it was time for countries to reflect on how they approached the discussion and to prioritize cooperation over confrontation.
The delay means uncertainty and confusion for companies involved in shipping, as well as for global trade. However, experts estimate that the levy could raise $10 billion a year if implemented, which could help poor countries cope with the impacts of climate change.
Shipping accounts for around 3% of global greenhouse gas emissions, but this is forecast to rise to 10% by mid-century. The IMO has been working on reducing carbon from shipping for decades, but progress has been slow.
Climate activists are now calling on governments to come together and support a stronger plan to reduce emissions from shipping. "No single flag should dictate the world's climate course," said Anaรฏs Rios, senior shipping policy officer at Seas at Risk. "What matters now is that countries rise up and come back with a louder and more confident yes vote that cannot be silenced."
The planet does not have time to waste, as extreme weather events continue to ravage communities around the world. The next opportunity for global leaders to take action will come at the Cop30 UN climate summit in Brazil next month.