The Fort Worth Press - Maritime sector to decide on plan to cut emissions opposed by US

USD -
AED 3.672499
AFN 63.000249
ALL 81.51445
AMD 371.778334
ANG 1.789884
AOA 917.999742
ARS 1398.232103
AUD 1.400472
AWG 1.80125
AZN 1.673613
BAM 1.67081
BBD 2.013677
BDT 122.673182
BGN 1.668102
BHD 0.377816
BIF 2973.884964
BMD 1
BND 1.277134
BOB 6.908482
BRL 5.026901
BSD 0.999748
BTN 94.17433
BWP 13.541889
BYN 2.832162
BYR 19600
BZD 2.010772
CAD 1.36836
CDF 2312.999964
CHF 0.78602
CLF 0.022772
CLP 896.170234
CNY 6.826501
CNH 6.834305
COP 3564.78
CRC 454.982295
CUC 1
CUP 26.5
CVE 94.197699
CZK 20.819899
DJF 178.037665
DKK 6.383585
DOP 59.559709
DZD 132.541037
EGP 52.613894
ERN 15
ETB 154.557616
EUR 0.85422
FJD 2.20465
FKP 0.741029
GBP 0.740545
GEL 2.684958
GGP 0.741029
GHS 11.099531
GIP 0.741029
GMD 73.493302
GNF 8775.916418
GTQ 7.643154
GYD 209.167133
HKD 7.83457
HNL 26.566831
HRK 6.434978
HTG 130.89126
HUF 311.75899
IDR 17241.05
ILS 2.98605
IMP 0.741029
INR 94.19245
IQD 1309.675849
IRR 1318049.9998
ISK 122.8302
JEP 0.741029
JMD 157.781204
JOD 0.709014
JPY 159.554972
KES 129.350271
KGS 87.403201
KHR 4005.672353
KMF 422.000125
KPW 900.025942
KRW 1479.109792
KWD 0.307803
KYD 0.83317
KZT 464.413397
LAK 21907.662343
LBP 89529.724327
LKR 318.684088
LRD 183.454497
LSL 16.624864
LTL 2.95274
LVL 0.60489
LYD 6.344053
MAD 9.250234
MDL 17.386104
MGA 4154.297601
MKD 52.649338
MMK 2099.863185
MNT 3580.436774
MOP 8.068154
MRU 39.902955
MUR 46.830442
MVR 15.459782
MWK 1733.655678
MXN 17.41313
MYR 3.964948
MZN 63.912179
NAD 16.624864
NGN 1355.21021
NIO 36.793255
NOK 9.3434
NPR 150.678928
NZD 1.703475
OMR 0.384489
PAB 0.999748
PEN 3.466357
PGK 4.339785
PHP 60.713016
PKR 278.710741
PLN 3.623095
PYG 6339.538182
QAR 3.644635
RON 4.348399
RSD 100.304974
RUB 75.245848
RWF 1461.31438
SAR 3.750721
SBD 8.048583
SCR 14.337306
SDG 600.50029
SEK 9.24409
SGD 1.27694
SHP 0.746601
SLE 24.60087
SLL 20969.496166
SOS 571.335822
SRD 37.4635
STD 20697.981008
STN 20.929527
SVC 8.747726
SYP 110.562389
SZL 16.618116
THB 32.352504
TJS 9.39787
TMT 3.505
TND 2.919455
TOP 2.40776
TRY 45.025299
TTD 6.789739
TWD 31.4675
TZS 2602.492828
UAH 44.056743
UGX 3719.475993
UYU 39.60396
UZS 12011.891439
VES 482.733725
VND 26359
VUV 117.829836
WST 2.712269
XAF 560.364432
XAG 0.013195
XAU 0.000212
XCD 2.70255
XCG 1.801819
XDR 0.696601
XOF 560.385974
XPF 101.880248
YER 238.625018
ZAR 16.56377
ZMK 9001.199134
ZMW 18.920373
ZWL 321.999592
  • CMSC

    0.0200

    22.93

    +0.09%

  • RYCEF

    -0.1900

    15.35

    -1.24%

  • RIO

    0.9500

    99.8

    +0.95%

  • NGG

    0.4700

    87.43

    +0.54%

  • RBGPF

    63.0000

    63

    +100%

  • AZN

    -3.1500

    189.15

    -1.67%

  • GSK

    -0.9750

    54.655

    -1.78%

  • BTI

    0.8950

    58.175

    +1.54%

  • RELX

    0.3100

    36.44

    +0.85%

  • CMSD

    0.0800

    23.31

    +0.34%

  • JRI

    0.0250

    12.905

    +0.19%

  • BCC

    0.2500

    84.07

    +0.3%

  • BP

    -0.3450

    46.005

    -0.75%

  • BCE

    -0.2600

    23.84

    -1.09%

  • VOD

    0.0350

    15.655

    +0.22%

Maritime sector to decide on plan to cut emissions opposed by US
Maritime sector to decide on plan to cut emissions opposed by US / Photo: © AFP/File

Maritime sector to decide on plan to cut emissions opposed by US

Member states of the International Maritime Organization will decide on Friday whether to formally adopt a plan to cut carbon emissions in the face of opposition from the United States.

Text size:

The London-based IMO, which is the shipping body of the United Nations, voted in April for a global pricing system to help curb maritime carbon emissions.

Leading up to Friday's decision -- China, the European Union, Brazil, Britain and several other members of the IMO -- this week reaffirmed their support at a summit in the British capital.

However, Washington's threat to impose sanctions on those supporting it has cast doubt on the future of the Net Zero Framework (NZF), the first global carbon-pricing system.

"I am outraged that the International Maritime Organization is voting in London this week to pass a global Carbon Tax," US President Donald 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.

The United States this week advocated changing the voting process to give more weight to abstentions, a proposal that will be considered early Friday.

Should the US proposal be accepted, it could derail adoption of the carbon-reduction plan.

The framework would require 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.

Last week, the United States threatened countries who vote in favour of the framework with sanctions, visa restrictions and port levies, calling the proposal a "global carbon tax on the world".

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.

In order to be adopted, the framework needs the backing of two-thirds of 108 voting IMO members who belong to a long-standing international convention for the prevention of pollution from ships, known as MARPOL.

A majority of members -- 63 states -- that in April voted in favour of the NZF are expected to maintain their support and to be joined by others.

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.

Several major oil producers -- Saudi Arabia, Russia and the United Arab Emirates -- voted against the measure, and are expected to do so again this week, arguing it would harm the economy and food security.

Pacific Island states, which abstained in the initial vote over concerns the proposal was not ambitious enough, are now expected to support it.

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.

Since returning to power in January, Trump has reversed Washington's course on climate change, denouncing it as a "scam" and encouraging fossil fuel use by deregulation.

burs-pml/bcp/jkb/giv/tym/ach

F.Garcia--TFWP