EconomyLens.com
No Result
View All Result
Thursday, March 26, 2026
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Economy

Maritime sector to decide on plan to cut emissions opposed by US

David Peterson by David Peterson
October 17, 2025
in Economy
Reading Time: 6 mins read
A A
1
101
SHARES
1.3k
VIEWS
Share on FacebookShare on Twitter

The London-based IMO, which is the shipping body of the United Nations, voted in April for a global pricing system to help curb maritime carbon emissions. ©AFP

London (AFP) – Member states of the International Maritime Organization will decide on Friday whether to formally adopt a plan to cut carbon emissions in the face of opposition from the United States. The London-based IMO, which is the shipping body of the United Nations, voted in April for a global pricing system to help curb maritime carbon emissions.

Related

Bab al-Mandeb Strait: another key shipping route under threat

Germany unveils rescue plan for struggling chemical sector

US flexes ‘new order’ trade policy as WTO meet kicks off

EU urged to broadly restrict ‘forever chemicals’

Global trading system hit by ‘worst disruptions in the past 80 years’: WTO chief

Leading up to Friday’s decision, China, the European Union, Brazil, Britain, and several other members of the IMO reaffirmed their support at a summit in the British capital. However, Washington’s threat to impose sanctions on those supporting it has cast doubt on the future of the Net Zero Framework (NZF), the first global carbon-pricing system.

“I am outraged that the International Maritime Organization is voting in London this week to pass a global Carbon Tax,” US President Donald Trump wrote on his Truth Social platform Thursday. “The United States will NOT stand for this Global Green New Scam Tax on Shipping,” he added. The United States this week advocated changing the voting process to give more weight to abstentions, a proposal that will be considered early Friday. Should the US proposal be accepted, it could derail the adoption of the carbon-reduction plan.

The framework would require ships to progressively reduce carbon emissions from 2028, or face financial penalties. Shipping accounts for nearly three percent of global greenhouse gas emissions, according to the IMO. Last week, the United States threatened countries that vote in favour of the framework with sanctions, visa restrictions, and port levies, calling the proposal a “global carbon tax on the world.” The Philippines, which provides the most seafarers of any country, and Caribbean islands focused on the cruise industry would be particularly impacted by visa restrictions and sanctions.

In order to be adopted, the framework needs the backing of two-thirds of 108 voting IMO members who belong to a long-standing international convention for the prevention of pollution from ships, known as MARPOL. A majority of members—63 states—that voted in favour of the NZF in April are expected to maintain their support and to be joined by others. The plan would charge ships for emissions exceeding a certain threshold, with proceeds used to reward low-emission vessels and support countries vulnerable to climate change.

Several major oil producers—Saudi Arabia, Russia, and the United Arab Emirates—voted against the measure and are expected to do so again this week, arguing it would harm the economy and food security. Pacific Island states, which abstained in the initial vote over concerns the proposal was not ambitious enough, are now expected to support it.

If the global emissions pricing system is adopted, it would become difficult to evade, even for the United States. IMO conventions allow signatories to inspect foreign ships during stopovers and even detain non-compliant vessels. Since returning to power in January, Trump has reversed Washington’s course on climate change, denouncing it as a “scam” and encouraging fossil fuel use by deregulation.

© 2024 AFP

Tags: carbon emissionsclimate changeshipping
Share40Tweet25Share7Pin9Send
Previous Post

China’s economic growth slowed to 4.8% in third quarter: AFP poll

Next Post

Spanish police keep Mango founder death probe open

David Peterson

David Peterson

Related Posts

Economy

EU parliament backs Trump tariff deal — with conditions

March 26, 2026
Economy

UN pushes fuel solution for Cuba aid work amid US talks

March 25, 2026
Economy

Trump’s Beijing trip rescheduled for May, after Iran delay

March 26, 2026
Economy

Study links major polluters to big climate damages bill

March 25, 2026
Economy

War-linked power crunch pushes Sri Lanka to four-day week

March 25, 2026
Economy

AI making cyber attacks costlier and more effective: Munich Re

March 25, 2026
Next Post

Spanish police keep Mango founder death probe open

Hermes menswear designer Nichanian to step down after 37 years: company

Caracas records 8.7 pct growth but Venezuelans lament economic woes

Women designers 'not getting the breaks' despite global fashion shake-up

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

96

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Bab al-Mandeb Strait: another key shipping route under threat

March 26, 2026

Africa sets out stall for cotton at the WTO

March 26, 2026

Germany unveils rescue plan for struggling chemical sector

March 26, 2026

UK PM ‘very keen’ to curb addictive social media after US ruling

March 26, 2026
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.