New Pact Would Require Ships to Cut Emissions or Pay a Fee - The New York Times


A global agreement was reached to reduce greenhouse gas emissions from the shipping industry, requiring ships to either lower their emissions or pay a fee starting in 2028.
AI Summary available — skim the key points instantly. Show AI Generated Summary
Show AI Generated Summary

Amid the turmoil over global trade, countries around the world reached a remarkable, though modest, agreement Friday to reduce the climate pollution that comes from shipping those goods worldwide — with what is essentially a tax, no less.

A accord reached in London under the auspices of the International Maritime Organization, a United Nations agency, would require every ship that ferries goods across the oceans to lower their greenhouse gas emissions or pay a fee.

The targets fall short of what many had hoped. Still, it’s the first time a global industry would face a price on its climate pollution no matter where in the world it operates. The proceeds would be used mainly to help the industry move to cleaner fuels. Some of it could also go to developing countries most vulnerable to climate hazards. The accord would come into effect in 2028, pending approval by country representatives at the agency’s next meeting in October.

Given the widespread support for Friday’s terms, the head of the organization expressed hope it would be adopted in October with few or no changes.

The agreement marks a rare bit of international cooperation that’s all the more remarkable because it was reached even after the United States pulled out of the talks earlier in the week. No other countries followed suit.

“The U.S. is just one country and that one country cannot derail this entire process,” said Faig Abbasov, shipping director for Transport and Environment, a European advocacy group that has pushed for measures to clean up the maritime industry. “This will be first binding decision that will force shipping companies to decarbonize and switch to alternative fuels.”

We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.

Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.

Thank you for your patience while we verify access.

Already a subscriber? Log in.

Want all of The Times? Subscribe.

đź§  Pro Tip

Skip the extension — just come straight here.

We’ve built a fast, permanent tool you can bookmark and use anytime.

Go To Paywall Unblock Tool
Sign up for a free account and get the following:
  • Save articles and sync them across your devices
  • Get a digest of the latest premium articles in your inbox twice a week, personalized to you (Coming soon).
  • Get access to our AI features

  • Save articles to reading lists
    and access them on any device
    If you found this app useful,
    Please consider supporting us.
    Thank you!

    Save articles to reading lists
    and access them on any device
    If you found this app useful,
    Please consider supporting us.
    Thank you!