Singapore urged the United Nations to delay a vote on a carbon price for shipping due to strong opposition from the U.S. and Saudi Arabia, highlighting global tensions over climate policies.
- During talks in London, the International Maritime Organization failed to reach a consensus on implementing a carbon price for ships, facing pushback from Washington and Riyadh.
- The European Union supports the carbon price initiative, emphasizing the need for global maritime emissions reductions despite resistance from the worlds largest oil producers, the U.S. and Saudi Arabia.
- The ongoing discussions on shipping emissions reflect broader geopolitical dynamics, as the U.S., under both current and former administrations, including Donald Trump, continues to prioritize petroleum interests.
Why It Matters
The debate over a carbon price for shipping reveals deep divisions between major economies on climate action. This standoff could hinder collective efforts to mitigate climate change, impacting global shipping practices and emissions standards.