Participants at the Paris summit on finance and climate have stopped short of a deal to create a tax on greenhouse gas emissions produced by international shipping
PARTICIPANTS AT THE Paris summit on finance and climate have stopped short of a deal to create a tax on greenhouse gas emissions produced by international shipping.
The idea of a global tax on the greenhouse gas emissions produced by international shipping has been gaining traction and could be adopted at a July meeting of the International Maritime Organisation, the United Nations’ agency regulating shipping. US Treasury secretary Janet Yellen called the tax “a very constructive suggestion”, adding: “I think I would agree with President Macron’s description of the logic of why it would be appropriate, and it’s something that the United States will look at.”
The gathering in Paris had no mandate to make formal decisions, but Macron had pledged to deliver a to-do list that would be accompanied by a progress-tracking tool. Such a document has not been released yet.
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