Close Menu
    Facebook X (Twitter) Instagram
    Trending
    • Doja Cat Sparks Frenzy After Accusing Fan Of Touching Her
    • China warns Israel-Iran conflict could spiral ‘out of control’
    • Nippon Steel acquires US Steel for $14.9bn after months of struggle | International Trade
    • It’s time for Connor McDavid to give the Oilers an ultimatum
    • Donald Trump calls for huge rate cuts and says Fed chief is ‘stupid’
    • Former Intel Officer Drops Truth Bomb – CIA and ODNI Covered Up 2020 CCP Election Interference, Fired Him for Speaking Out | The Gateway Pundit
    • Justin Bieber Close To Settling Financial Feud With Scooter Braun
    • Israel-Iran conflict rages with ongoing aerial strikes amid war of words | Israel-Iran conflict News
    News Study
    Wednesday, June 18
    • Home
    • World News
    • Latest News
    • Sports
    • Politics
    • Tech News
    • World Economy
    • More
      • Trending News
      • Entertainment News
      • Travel
    News Study
    Home»World Economy

    US to retaliate against international carbon levies on ships

    Team_NewsStudyBy Team_NewsStudyApril 9, 2025 World Economy No Comments4 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Unlock the White Home Watch e-newsletter without spending a dime

    Your information to what the 2024 US election means for Washington and the world

    The US has threatened to retaliate towards any worldwide levy imposed on ships for his or her carbon emissions amid crunch talks to agree such a measure this week.

    Washington has urged different members of the UN’s Worldwide Maritime Group to rethink their help for the measure, including that the US wouldn’t attend this week’s negotiations, in line with three folks near the talks.

    “Ought to such a blatantly unfair measure go ahead, our authorities will contemplate reciprocal measures in order to offset any charges charged to US ships”, learn a replica of the US message seen by the Monetary Instances.

    “These measures would impose substantial financial burdens on the sector and drive inflation globally.”

    The intervention is prone to anger environmentalists and nations which have been pushing for robust measures to decarbonise delivery, significantly after President Donald Trump imposed vital prices on commerce via his sweeping tariffs.

    The delivery trade has additionally been rattled by a US proposal to charge fees of up to $1.5mn on each Chinese language-built vessel calling at its ports.

    By Friday, nations on the IMO are anticipated to agree an financial measure that might embrace the first-ever international value for an trade’s carbon emissions, a improvement that might have implications for the long run course of local weather laws.

    These significantly uncovered to local weather change reminiscent of Pacific island nations have called for a levy as high as $150 to be imposed on each tonne of delivery’s carbon emissions.

    Such a measure on the internationally regulated shipping trade can be seen by environmentalists as a uncommon alternative to start elevating a world fund to handle local weather change, with some calling for these funds to be directed in direction of poorer nations.

    The trade, which stays virtually totally depending on fossil fuels and is chargeable for an estimated 3 per cent of world emissions, has been sluggish to decarbonise due to the restricted availability of inexperienced fuels that may energy massive vessels.

    As an IMO member state, the US was dedicated to a 2023 settlement to realize internet zero delivery emissions “by or round” 2050, in addition to set an financial measure to realize this aim. 

    Since his return to the White Home in January, Trump has vowed to withdraw the US from numerous worldwide our bodies and agreements, together with the World Well being Group and the Paris local weather accord.

    The world’s largest economic system has now warned in its message that the agreed targets for delivery “would unwisely promote the usage of hypothetical costly and unproven fuels”, including that it “rejects any and all efforts to impose financial measures towards its ships based mostly on GHG emissions”.

    The US stated it opposed “any proposed measure that might fund any unrelated environmental or different initiatives outdoors the delivery sector”, in addition to proposals that might give preferential therapy to much less developed nations.

    Really helpful

    Lower than 1 per cent of the world’s delivery fleet was registered within the US final yr, and the nation is seen as a much less influential participant on the IMO than in different worldwide boards.

    IMO mediators search to succeed in agreements via international consensus however can put proposals all the way down to a vote. Attendees on the talks in London stated member states had been yet to reach a consensus, with proposals starting from a levy on each tonne of delivery emissions to a carbon credit score buying and selling scheme.

    However the newest US intervention is according to Trump’s combative method to diplomacy and his ambition to withdraw from current local weather agreements.

    “President Trump has made it clear that the US won’t settle for any worldwide environmental settlement that unduly or unfairly burdens the US or the curiosity of the American folks,” the US stated in its message to IMO member states.

    “Whereas we won’t ignore threats to our pure surroundings, President Trump promised the American folks a return to vitality dominance.”

    Local weather Capital

    The place local weather change meets enterprise, markets and politics. Explore the FT’s coverage here.

    Are you interested in the FT’s environmental sustainability commitments? Find out more about our science-based targets here



    Source link

    Team_NewsStudy
    • Website

    Keep Reading

    Donald Trump calls for huge rate cuts and says Fed chief is ‘stupid’

    US housing construction falls to 5-year low as tariffs weigh on sector

    China’s property market recovery stalls as falling prices hit sentiment

    Did The Neocons Plot To Get Rid Of Tulsi? China Enters & Iran Refuses To Surrender

    US exceptionalism in markets is diminished — but far from dead

    Good institutions won’t fix broken politics

    Add A Comment
    Leave A Reply Cancel Reply

    Editors Picks

    Doja Cat Sparks Frenzy After Accusing Fan Of Touching Her

    June 18, 2025

    China warns Israel-Iran conflict could spiral ‘out of control’

    June 18, 2025

    Nippon Steel acquires US Steel for $14.9bn after months of struggle | International Trade

    June 18, 2025

    It’s time for Connor McDavid to give the Oilers an ultimatum

    June 18, 2025

    Donald Trump calls for huge rate cuts and says Fed chief is ‘stupid’

    June 18, 2025
    Categories
    • Entertainment News
    • Latest News
    • Politics
    • Sports
    • Tech News
    • Travel
    • Trending News
    • World Economy
    • World News
    About us

    Welcome to NewsStudy.xyz – your go-to source for comprehensive and up-to-date news coverage from around the globe. Our mission is to provide our readers with insightful, reliable, and engaging content on a wide range of topics, ensuring you stay informed about the world around you.

    Stay updated with the latest happenings from every corner of the globe. From international politics to global crises, we bring you in-depth analysis and factual reporting.

    At NewsStudy.xyz, we are committed to delivering high-quality content that matters to you. Our team of dedicated writers and journalists work tirelessly to ensure that you receive the most accurate and engaging news coverage. Join us in our journey to stay informed, inspired, and connected.

    Editors Picks

    Watch out for the Vikings in the NFC North after ‘MNF’ win

    December 17, 2024

    DANGER FROM SPACE: Old Soviet Satellite Kosmos 482 Set To Fall Back to Earth Next Week, Raising Fears It May Cause Deadly Strike on Our Planet’s Surface | The Gateway Pundit

    May 2, 2025

    Steelers HC finally answers big question about QB Russell Wilson

    October 12, 2024

    Jax Taylor’s Co-Stars Say His Addiction Neqws Was ‘Convenient’

    April 23, 2025
    Categories
    • Entertainment News
    • Latest News
    • Politics
    • Sports
    • Tech News
    • Travel
    • Trending News
    • World Economy
    • World News
    • Privacy Policy
    • Disclaimer
    • Terms & Conditions
    • About us
    • Contact us
    Copyright © 2024 Newsstudy.xyz All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.