US and EU Clash Over Proposed Carbon Pricing for Global Shipping Emissions

The International Maritime Organization is set to decide on a carbon pricing scheme for global shipping emissions, a proposal backed by an EU-led bloc but opposed by the U.S.

• The International Maritime Organization will meet this week to finalize a carbon emissions pricing scheme for global shipping, following a preliminary agreement reached in April.
• The proposed carbon pricing initiative is supported by a coalition of nations including Britain, China, and Japan, all members of the EU-led bloc.
• The U.S. is strongly opposed to the carbon pricing plan, which aims to reduce greenhouse gas emissions from the shipping industry, highlighting a significant geopolitical divide.