Countries at the U.N. shipping agency struck a deal on Friday on a global fuel emissions standard for the maritime sector ...

The rules will add a significant penalty for any shipping concerns who exceed an emissions cap, starting in 2028.

This is the first time the global shipping industry—which produces about 3 percent of the world’s emissions—will face binding ...

Talks at the International Maritime Organisation (IMO) headquarters in London this ... one that accounts for nearly 3 per cent of global carbon dioxide emissions. Delegates from across the world ...

The Trump administration said the measures “would impose substantial economic burdens” and “drive inflation globally.” ...

Member nations of the IMO have voted by a majority to approve compromise carbon pricing rules, breaking a deadlock following ...

Approved by the Marine Environment Protection Committee during its 83rd session (MEPC 83) from April 7–11 April 2025, the ...

Those that fail to comply with the fuel standard will face financial penalties, with proceeds funneled into a central fund managed by the IMO.

Many of the world’s largest shipping nations decided on Friday to impose a minimum tax of $100 for every ton of carbon dioxide emitted ... immense amounts of fuel.IMO Secretary-General Arsenio ...