UN shipping body approves global carbon pricing system
[ad_1] LONDON: Member states of the International Maritime Organization have voted in favour of a global pricing system to help curb maritime carbon emissions, the UN shipping body announced Friday.From 2028, all ships will be required to use a less carbon-intensive fuel mix or face financial penalties, the IMO said.The carbon pricing measure must now be formally adopted at an IMO assembly in October.A majority of members -- 63 states -- voted for the carbon pricing system, including the European Union, Brazil, China, India and Japan.Sixteen states voted against the measure, including major oil producers Saudi Arabia, Russia and the United Arab Emirates.Pacific Island states abstained from the vote, deeming the proposals insufficient to meet decarbonisation goals.The United States did not participate in the vote, with a wave of environmental rollbacks by President Donald Trump, including carbon limits on power […]