An international accord to reduce climate pollution from shipping was reached under the International Maritime Organization, requiring vessels to lower greenhouse gas emissions or incur fees. This groundbreaking agreement introduces a pricing mechanism for shipping pollution and aims to support the transition to cleaner fuels and assistance for developing nations facing climate threats. Set to come into effect in 2028 pending approval, the agreement showcases a rare instance of global cooperation despite the earlier U.S. withdrawal from negotiations, with ongoing support from other nations.
The accord reached in London would require every ship that ferries goods to lower their greenhouse gas emissions or pay a fee, marking a significant step in regulating shipping pollution globally.
It is the first time a global industry would face a price on its climate pollution, aiming to aid the transition to cleaner fuels, particularly for vulnerable developing nations.
The agreement is set to take effect in 2028, pending approval, representing a rare moment of international cooperation in climate action despite the U.S. withdrawal from talks.
Faig Abbasov stated that the U.S. cannot derail the process, highlighting the commitment of other countries to tackle climate pollution within the shipping industry.
#climate-change #global-cooperation #shipping-industry #greenhouse-gas-emissions #international-agreements
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