No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Saturday, March 21, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

US sinks international deal on decarbonising ships

by TheAdviserMagazine
5 months ago
in Business
Reading Time: 3 mins read
A A
US sinks international deal on decarbonising ships
Share on FacebookShare on TwitterShare on LInkedIn


An international vote to formally approve cutting maritime emissions was delayed by a year Friday, in a victory for the United States which opposes the carbon-cutting plan.

The London-based International Maritime Organization (IMO), which is the shipping body of the United Nations, voted in April for a global pricing system to help curb greenhouse gases.

But a vote on whether to formally approve the deal was cancelled on Friday until next year after US President Donald Trump threatened sanctions against countries backing the plan.Increased divisions, notably between oil producing nations and non-oil producers, emerged this week at meetings leading up to Friday’s planned follow-up vote to approve the scheme.

Delegates instead voted on a hastily-arranged resolution to postpone proceedings, which passed by 57 votes to 49.

Live Events

Trump on Thursday said the proposed global carbon tax on shipping was a “scam” after the United States withdrew from IMO negotiations in April.A Russian delegate described proceedings as “chaos” as he addressed the plenary Friday after talks had lasted until the early hours.Russia joined major oil producers Saudi Arabia and the United Arab Emirates in voting against the carbon-reduction measure in April, arguing it would harm the economy and food security.

IMO Secretary-General Arsenio Dominguez, representing 176 member states, pleaded Friday that he hoped there would be no repeat of how the week’s discussions had gone.

“It doesn’t help your organisation, it doesn’t help yourself,” he told delegates.

Trump ‘outraged’

Since returning to power in January, Trump has reversed Washington’s course on climate change and encouraged fossil fuel use by deregulation.

“I am outraged that the International Maritime Organization is voting in London this week to pass a global Carbon Tax,” Trump wrote on his Truth Social platform Thursday.

“The United States will NOT stand for this Global Green New Scam Tax on Shipping,” he added, urging countries to vote against it.

Washington threatened to impose sanctions, visa restrictions and port levies on those supporting the Net Zero Framework (NZF), the first global carbon-pricing system.

Liberia and Saudi Arabia called for Friday’s vote to be postponed.

“We agree with the United States that it’s important that these conversations are brought to light,” a Saudi representative said.

Ahead of this week’s London gathering, a majority 63 IMO members that in April voted for the plan had been expected to maintain their support and to be joined by others to formally approve the NZF.

Argentina, which in April abstained from the vote, now opposes the deal.

Leading up to Friday’s decision — China, the European Union, Brazil, Britain and several other members of the IMO — reaffirmed their support.

The NZF requires ships to progressively reduce carbon emissions from 2028, or face financial penalties.

Shipping accounts for nearly three percent of global greenhouse gas emissions, according to the IMO, while the CO2 pricing plan should encourage the sector to use less polluting fuels.

The Philippines, which provides the most seafarers of any country, and Caribbean islands focused on the cruise industry, would be particularly impacted by visa restrictions and sanctions.

The plan would charge ships for emissions exceeding a certain threshold, with proceeds used to reward low-emission vessels and support countries vulnerable to climate change.

Pacific Island states, which abstained in the initial vote over concerns the proposal was not ambitious enough, had been expected to support it this time around.

If the global emissions pricing system was adopted, it would become difficult to evade, even for the United States.

IMO conventions allow signatories to inspect foreign ships during stopovers and even detain non-compliant vessels.



Source link

Tags: dealdecarbonisingInternationalshipsSinks
ShareTweetShare
Previous Post

How $218B pension bill makes BTC a state asset this time

Next Post

Is Peace With Russia Possible?

Related Posts

edit post
Best CD rates today, March 21, 2026 (best account provides 4.15% APY)

Best CD rates today, March 21, 2026 (best account provides 4.15% APY)

by TheAdviserMagazine
March 21, 2026
0

Find out how much you could earn by locking in a high CD rate today. The Federal Reserve cut its...

edit post
F&O Talk | Nifty grapples with dead cat bounce syndrome as pullbacks get sold. Sudeep Shah on Olectra, IDBI, 4 more stocks

F&O Talk | Nifty grapples with dead cat bounce syndrome as pullbacks get sold. Sudeep Shah on Olectra, IDBI, 4 more stocks

by TheAdviserMagazine
March 21, 2026
0

Domestic frontline indices ended with gains on Friday, led by strong action in IT, auto and metal stocks though weakness...

edit post
Iran war is making the world a little less sweet as oil soars at the worst possible time for sugar

Iran war is making the world a little less sweet as oil soars at the worst possible time for sugar

by TheAdviserMagazine
March 21, 2026
0

Sugar and gasoline don’t have a lot in common, unless you’re in a sugarcane mill in Brazil, in which case...

edit post
Metals to shine? Hindustan Copper, Tata Steel, other stocks plunge up to 14% in one month; what lies ahead?

Metals to shine? Hindustan Copper, Tata Steel, other stocks plunge up to 14% in one month; what lies ahead?

by TheAdviserMagazine
March 21, 2026
0

The shares of metal companies have seen a sharp decline recently, dropping up to 14% on the past one month...

edit post
Musk misled Twitter investors before 2022 buyout, jury says

Musk misled Twitter investors before 2022 buyout, jury says

by TheAdviserMagazine
March 20, 2026
0

Elon Musk defrauded Twitter Inc. investors when he disparaged the company in 2022 in an effort to buy the social...

edit post
Tariffs squeezed small businesses but the Iran war is now pushing them to the brink

Tariffs squeezed small businesses but the Iran war is now pushing them to the brink

by TheAdviserMagazine
March 20, 2026
0

Three weeks into the Iran war, small businesses are starting to feel the pressure of the conflict, and experts say...

Next Post
edit post
Is Peace With Russia Possible?

Is Peace With Russia Possible?

edit post
Thank you to our Disrupt 2025 sponsors

Thank you to our Disrupt 2025 sponsors

  • Trending
  • Comments
  • Latest
edit post
Foreclosure Starts are Up 19%—These Counties are Seeing the Highest Distress

Foreclosure Starts are Up 19%—These Counties are Seeing the Highest Distress

February 24, 2026
edit post
7 States Reporting a Surge in Norovirus Cases

7 States Reporting a Surge in Norovirus Cases

February 22, 2026
edit post
The Growing Movement to End Property Taxes Continues in Kentucky, And What It Means For Investors

The Growing Movement to End Property Taxes Continues in Kentucky, And What It Means For Investors

March 2, 2026
edit post
Who Is Legally Next of Kin in North Carolina?

Who Is Legally Next of Kin in North Carolina?

February 28, 2026
edit post
Hidden Danger for Seniors: Why Radon Is Building Up in Basements Across 10 States

Hidden Danger for Seniors: Why Radon Is Building Up in Basements Across 10 States

March 17, 2026
edit post
How Age Affects Your Social Security Disability Claim

How Age Affects Your Social Security Disability Claim

March 2, 2026
edit post
Best CD rates today, March 21, 2026 (best account provides 4.15% APY)

Best CD rates today, March 21, 2026 (best account provides 4.15% APY)

0
edit post
Dividend Aristocrats In Focus: Nordson Corporation

Dividend Aristocrats In Focus: Nordson Corporation

0
edit post
POWERADE Mountain Berry Blast, 8 Pack only .47 shipped!

POWERADE Mountain Berry Blast, 8 Pack only $3.47 shipped!

0
edit post
Qualcomm (QCOM) authorizes B stock repurchase program, raises quarterly dividend to alt=

Qualcomm (QCOM) authorizes $20B stock repurchase program, raises quarterly dividend to $0.92

0
edit post
F&O Talk | Nifty grapples with dead cat bounce syndrome as pullbacks get sold. Sudeep Shah on Olectra, IDBI, 4 more stocks

F&O Talk | Nifty grapples with dead cat bounce syndrome as pullbacks get sold. Sudeep Shah on Olectra, IDBI, 4 more stocks

0
edit post
I’m 37 and I realized last month that I have two hundred contacts in my phone and not a single person I could call at 2 AM without feeling like I was being a burden — and that math broke something in me

I’m 37 and I realized last month that I have two hundred contacts in my phone and not a single person I could call at 2 AM without feeling like I was being a burden — and that math broke something in me

0
edit post
Best CD rates today, March 21, 2026 (best account provides 4.15% APY)

Best CD rates today, March 21, 2026 (best account provides 4.15% APY)

March 21, 2026
edit post
I’m 37 and I realized last month that I have two hundred contacts in my phone and not a single person I could call at 2 AM without feeling like I was being a burden — and that math broke something in me

I’m 37 and I realized last month that I have two hundred contacts in my phone and not a single person I could call at 2 AM without feeling like I was being a burden — and that math broke something in me

March 21, 2026
edit post
Ethereum OG Whale Rebuilds .5M ETH Stack Amid ETF Bleed

Ethereum OG Whale Rebuilds $19.5M ETH Stack Amid ETF Bleed

March 21, 2026
edit post
F&O Talk | Nifty grapples with dead cat bounce syndrome as pullbacks get sold. Sudeep Shah on Olectra, IDBI, 4 more stocks

F&O Talk | Nifty grapples with dead cat bounce syndrome as pullbacks get sold. Sudeep Shah on Olectra, IDBI, 4 more stocks

March 21, 2026
edit post
Iran war is making the world a little less sweet as oil soars at the worst possible time for sugar

Iran war is making the world a little less sweet as oil soars at the worst possible time for sugar

March 21, 2026
edit post
Metals to shine? Hindustan Copper, Tata Steel, other stocks plunge up to 14% in one month; what lies ahead?

Metals to shine? Hindustan Copper, Tata Steel, other stocks plunge up to 14% in one month; what lies ahead?

March 21, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Best CD rates today, March 21, 2026 (best account provides 4.15% APY)
  • I’m 37 and I realized last month that I have two hundred contacts in my phone and not a single person I could call at 2 AM without feeling like I was being a burden — and that math broke something in me
  • Ethereum OG Whale Rebuilds $19.5M ETH Stack Amid ETF Bleed
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.