UN shipping agency delays decision on carbon price for one year amid splits By Enes Tunagur and Jonathan SaulOctober 17, 2025 at 11:08 PM 0 The United Nations logo adorns a window at U.N. headquarters in New York City, U.S., September 18, 2025.
- - UN shipping agency delays decision on carbon price for one year amid splits
By Enes Tunagur and Jonathan SaulOctober 17, 2025 at 11:08 PM
0
The United Nations logo adorns a window at U.N. headquarters in New York City, U.S., September 18, 2025. REUTERS/Jeenah Moon
By Enes Tunagur and Jonathan Saul
LONDON -A majority of countries at the U.N. shipping agency voted on Friday to postpone by a year a decision on a global carbon price on international shipping, after failing to reach consensus on the emissions reduction measure amid U.S. pressure.
The decision to delay the deal is a blow to the European Union and other countries including Brazil which have been pushing for the global shipping industry to go greener and set out a price mechanism for decarbonisation.
Washington and Riyadh, the world's two largest oil producers, have strongly opposed a carbon price on shipping during talks in London at the International Maritime Organization.
After days of disagreements, Saudi Arabia tabled a motion on Friday to defer discussions for one year, which was passed by a simple majority of 57 countries with 49 opposed who sought to continue with a deal.
U.S. President Donald Trump called on IMO member states on Thursday to vote no, saying on his Truth Social platform that Washington would "not stand for this global green new scam tax on shipping and will not adhere to it in any way, shape or form".
"The delay leaves the shipping sector drifting in uncertainty," said Faig Abbasov, director of shipping with environmental group Transport & Environment.
(Reporting by Enes Tunagur and Jonathan SaulEditing by Peter Graff and Emelia Sithole-Matarise)
Source: "AOL Money"
Source: Astro Blog
Full Article on Source: Astro Blog
#LALifestyle #USCelebrities