US Sinks International Deal on Decarbonising Ships
– The United States has thwarted the upcoming global carbon-pricing system for shipping, aimed at reducing maritime emissions.
– President Trump criticized the proposed Net Zero Framework (NZF) as a scam and has threatened sanctions, visa restrictions, and port levies against supporters.
– The International Maritime Organization (IMO) delayed the crucial vote on the NZF by a year, highlighting divisions between oil-producing and non-oil states.
– In April, 176 member states backed a plan to charge ships for exceeding carbon emissions, targeting a 2028 implementation.
– The IMO reported that shipping contributes nearly 3% of global greenhouse gas emissions.
– Key participants, including Russia, Saudi Arabia, and UAE, sided with the U.S. in opposing the NZF, citing economic concerns.
– Major supporters, including the European Union and China, had anticipated that the NZF would pass easily this month.
– A majority of participants were expected to favor the NZF, which would impose financial penalties on ships not complying with emission standards.
– This decision could significantly impact maritime nations reliant on shipping and coastal economies vulnerable to climate change.