Live Update
From the Liveblog of
Friday, April 11, 2025
UN shipping agency approves carbon price, will go in effect from 2028
LONDON, United Kingdom — Member states of the Intentional Maritime Organization vote in favor of a global pricing system to help curb maritime emissions, the UN shipping body announces.
The system — which Pacific Island states deem insufficiently ambitious — requires all ships worldwide to either use a less carbon-intensive fuel mix or be made to pay for excess carbon from 2028.