World’s First-Ever Global Emissions Tax Takes A Step Closer To Reality

Key point:

  • The International Maritime Organization (IMO) 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 United Nations 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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