U.N. to Vote on First-Ever Global Tax Trade Punishing Shipping Emissions

U.N. to Vote on First-Ever Global Tax Trade Punishing Shipping Emissions

The International Maritime Organization (IMO) is meeting in London to vote on new rules to cut “greenhouse gases” by imposing a first-ever global tax on shipping emissions.

The meeting of the U.N. agency ends Friday and is expected to finalize a “Net-Zero Framework (NZF)” where commercial ships would pay for emissions over a set limit as defined by the IMO, while vessels that meet tougher standards could trade or bank so-called “surplus units.”


The Trump administration unequivocally rejects the proposal and has threatened to retaliate if nations support it, setting the stage for a fight over the climate deal.

As Breitbart News reported, the IMO first drew up the draft rules and regulatory framework in April, targeting ocean-going ships over 5,000 gross tonnes, which are responsible for about 85 percent of international shipping’s total CO2 emissions.

The organization said they want the shipping industry to reach carbon neutrality “by or around 2050,” with interim targets of 20 percent reductions by 2030 and 70 percent by 2040.

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