EU Pushes Global Shipping Carbon Price

European Union countries are continuing to advocate for a global carbon price on shipping's CO2 emissions in upcoming talks at the International — International Maritime Organization. This initiative faces strong opposition, particularly from the United States under the Trump administration, which previously led to a one-year postponement of the climate plan. A coalition of major shipping states, including Liberia, Panama, and the Marshall Islands, along with oil tanker companies like Bahri, are urging the International — International Maritime Organization to consider alternative approaches to the original carbon pricing plan. The European Union itself is divided on the issue, with Greece, Cyprus, Malta, and Italy declining to endorse the new European Union negotiating position, reflecting the significant economic implications for countries with large shipping industries.