Major nations agree on first global tax on shipping’s greenhouse gas emissions
Many of the world’s largest shipping nations decided on Friday to impose a minimum tax of $100 for every ton of carbon dioxide emitted by ships, if their planet-heating emissions are not already accounted for, making it effectively the first global tax on greenhouse gas emissions.
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Many of the world’s largest shipping nations decided on Friday to impose a minimum tax of $100 for every ton of carbon dioxide emitted by ships, if their planet-heating emissions are not already accounted for, making it effectively the first global tax on greenhouse gas emissions.
READ MORE : http://www.africanews.com/2025/04/12/major-nations-agree-on-first-global-tax-on-shippings-greenhouse-gas-emissions
Subscribe on our Dailymotion channel and receive all the latest news from the continent.
Africanews is available in English and French.
Website : www.africanews.com
Facebook : https://www.facebook.com/africanews.channel/
Twitter : https://twitter.com/africanews
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NewsTranscript
00:01Major WA's largest shipping nations decided on Friday to impose a minimum tax of $100 for every ton of carbon dioxide emitted by ships if their planet heating emissions are not already accounted for.
00:15Is the right result, is a good result for the organisation, takes us to one step closer to finalising the first global mandatory measures when it comes to decarbonisation including a pricing mechanism and that's why I reiterate my optimism.
00:32The fee will be charged if nations have not contributed enough to the International Maritime Organisation's net zero fund and the ships are not emitting their compliance targets.
00:41These agreements, we're the first one to get on that agreement on a pricing mechanism on emissions at the international global stage and this is when I keep calling that rather than just looking and finding ways to trying and I'm going to say trying because no one is going to bring us down, IMO into how short we fall, it's good that every now and then it's recognised how actually we good are at achieving
01:11what sometimes people think what sometimes people think that is impossible for us.
01:16One major issue during the meetings was the way a tax will be charged.
01:20More than 60 countries entered the negotiations pushing for a simple tax charge per metric ton of emissions.