/Reuters Agency
The United States, Singapore, Liberia, and Saudi Arabia asked the United Nations (UN) maritime agency to postpone the adoption of a carbon price for shipping, as states failed to reach a consensus during recent talks held in London.
The United States and Saudi Arabia have strongly opposed setting a carbon price in the maritime industry during negotiations at the International Maritime Organization (IMO), while the European Union has continued to support the initiative.
US President Donald Trump urged IMO member states to vote against it, stating on his Truth Social platform that Washington “will not tolerate this new fraudulent global green tax on shipping and will not comply with it in any way, shape, or form.”
“This week, the IMO meeting in London appears to be on the verge of collapse,” wrote Jefferies analyst Omar Nokta in a note to investors.
It is worth remembering that – recently – the United States threatened to impose visa restrictions and sanctions as retaliation against nations that vote in favor of the IMO’s proposal, which aims to reduce greenhouse gas (GHG) emissions from shipping.
