Shipping Nations Agree on Worlds First Global Carbon Tax
Breitbart1 day
This is a crucial step to reducing shipping's climate impacts. It will establish the first-ever international carbon pricing mechanism and provide crucial financial incentives for the shipping industry to transition to cleaner fuels. This deal shows that multilateral cooperation on climate action is still possible despite geopolitical tensions.
The measures are too weak to drive meaningful change and risk locking in inadequate emission reductions. The current 8% reduction target falls far short of what's needed, and the framework fails to provide sufficient incentives for developing zero-emission fuels and the necessary infrastructure to offset the effects of climate change.