{"id":140871,"date":"2025-10-23T16:14:20","date_gmt":"2025-10-23T16:14:20","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/140871\/"},"modified":"2025-10-23T16:14:20","modified_gmt":"2025-10-23T16:14:20","slug":"un-shipping-agency-delays-decision-on-carbon-price-under-us-pressure","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/140871\/","title":{"rendered":"UN shipping agency delays decision on carbon price under US pressure"},"content":{"rendered":"<ul data-testid=\"Summary\" class=\"summary-module__summary__QjADA\">\n<li data-testid=\"Body\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf summary-module__point__UgXPz\">US and Saudi Arabia strongly oppose carbon price on shipping<\/li>\n<li data-testid=\"Body\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf summary-module__point__UgXPz\">Trump urged countries to vote no to the emission-reduction measure<\/li>\n<li data-testid=\"Body\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf summary-module__point__UgXPz\">Majority of 57 countries voted to delay decision, 47 opposed<\/li>\n<li data-testid=\"Body\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf summary-module__point__UgXPz\">Industry groups and environmental lobbies disappointed at delay<\/li>\n<\/ul>\n<p>LONDON, Oct 17 &#8211; A majority of countries at the U.N. shipping agency voted on Friday to postpone by a year a decision on a global carbon price on international shipping, after failing to reach consensus on the emissions reduction measure amid <a data-testid=\"Link\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/legal\/litigation\/us-tells-countries-reject-un-ship-fuel-emissions-deal-or-face-tariffs-sources-2025-09-03\/\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC\" rel=\"nofollow noopener\" target=\"_blank\">U.S. pressure<\/a>.<\/p>\n<p>The delay is a blow to the European Union and other countries including Brazil which have been pushing for the shipping industry to go greener and set out a price mechanism for decarbonisation.<\/p>\n<p data-testid=\"promo-box\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf article-body-module__promo-box__hVl8h\"> Sign up  <a data-testid=\"Link\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/sustainability\/boards-policy-regulation\/us-singapore-call-un-delay-carbon-shipping-price-vote-amid-splits-2025-10-17\/undefined?location=article-paragraph&amp;redirectUrl=%2Fsustainability%2Fboards-policy-regulation%2Fus-singapore-call-un-delay-carbon-shipping-price-vote-amid-splits-2025-10-17%2F\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC\" rel=\"nofollow noopener\" target=\"_blank\">here.<\/a><\/p>\n<p>Washington and Riyadh, the world&#8217;s two largest oil producers, have strongly opposed a carbon price on shipping during talks in London at the International Maritime Organization (IMO).<\/p>\n<p>After days of disagreements, Saudi Arabia tabled a motion on Friday to defer discussions for one year, which was passed by a simple majority of 57 countries with 49 opposed who sought to continue with a deal.<\/p>\n<p>Countries such as China, Greece, Cyprus, Japan and South Korea had supported a carbon price in April. China on Friday voted in favour of delaying the decision, while the others abstained.<\/p>\n<p>It is not clear when a carbon price would enter into force even if a consensus can be found next year, as the IMO <a data-testid=\"Link\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/sustainability\/boards-policy-regulation\/un-shipping-agency-strikes-deal-fuel-emissions-co2-fees-2025-04-11\/\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC\" rel=\"nofollow noopener\" target=\"_blank\">had envisaged<\/a> ships would only pay for emissions from 2028.<\/p>\n<p>U.S. President Donald Trump called on IMO member states on Thursday to vote no, saying on his Truth Social platform that Washington would &#8220;not stand for this global green new scam tax on shipping and will not adhere to it in any way, shape or form&#8221;.<\/p>\n<p>The Trump administration is looking to take a bigger role in global shipping, and has previously used <a data-testid=\"Link\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/business\/tariffs\/\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC\" rel=\"nofollow noopener\" target=\"_blank\">tariffs as a weapon<\/a> to extract better terms from Washington\u2019s trade partners<\/p>\n<p>SHIPPING INDUSTRY REACTION<\/p>\n<p>The maritime sector had been expecting a regulatory framework to de-risk and unlock investment in alternative fuels and modern ships.<\/p>\n<p>Danish shipping company Maersk <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/markets\/companies\/MAERSKb.CO\" rel=\"noopener nofollow\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">(MAERSKb.CO), opens new tab<\/a> said the IMO&#8217;s decision was a loss of momentum for the industry&#8217;s efforts to decarbonise, adding that it will wait to see how the organisation intends to continue the work on the framework.<\/p>\n<p>&#8220;The delay leaves the shipping sector drifting in uncertainty,&#8221; said Faig Abbasov, director of shipping with environmental group Transport &amp; Environment.<\/p>\n<p>The IMO, which comprises 176 member countries, is responsible for regulating the safety and security of international shipping and preventing pollution.<\/p>\n<p>Global shipping accounts for nearly 3% of the world&#8217;s CO2 emissions. About 90% of the world&#8217;s trade is conducted by sea, and emissions are set to soar without an agreed mechanism.<\/p>\n<p data-testid=\"SignOff\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__extra_small__8Buss body-module__full_width__kCIGb body-module__extra_small_body__Bfz20 sign-off-module__text__LQAMP\">Reporting by Enes Tunagur and Jonathan Saul; Editing by Peter Graff and Emelia Sithole-Matarise<\/p>\n<p data-testid=\"Body\" dir=\"ltr\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf article-body-module__element__5eCce article-body-module__trust-badge__5mS3f\">Our Standards: <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.thomsonreuters.com\/en\/about-us\/trust-principles.html\" rel=\"noopener nofollow\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__small__sph8i link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">The Thomson Reuters Trust Principles., opens new tab<\/a><\/p>\n<p><a href=\"https:\/\/www.reutersagency.com\/en\/licensereuterscontent\/?utm_medium=rcom-article-media&amp;utm_campaign=rcom-rcp-lead\" target=\"_blank\" dir=\"ltr\" class=\"button-module__link__A3sD0 button-module__secondary__70gBu button-module__round__QDFgq button-module__w_auto__Sem-F\" data-testid=\"LicenceContentButton\" rel=\"nofollow noopener\">Purchase Licensing Rights<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"US and Saudi Arabia strongly oppose carbon price on shipping Trump urged countries to vote no to 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