NEWYou can now listen to Fox News articles!
After a U.S.-led campaign, the United Nations has postponed a vote on a proposal to impose the world’s first global carbon tax on shipping, delaying the decision by one year.
The rule was expected to come up for a vote this week as part of the U.N. International Maritime Organization’s (IMO) “Net-Zero Framework.” But a majority of member nations voted to defer it after failing to reach consensus amid U.S. opposition.
Backed by the European Union and Brazil, the plan seeks to raise billions from carriers that exceed new emissions limits, channeling the revenue toward climate adaptation and clean-fuel projects in developing nations.
Washington and Riyadh led the opposition. Saudi Arabia introduced a motion Friday to delay discussions for one year, which passed with 57 countries in favor and 49 opposed.
TRUMP’S GLOBAL RESET OF TRADE RELATIONSHIPS WILL REMAIN IN THE SPOTLIGHT THIS WEEK
The Trump administration came out forcefully against the measure this week, calling it an “unconstitutional global tax” that would drive up energy and consumer prices. In a series of statements, President Donald Trump, Secretary of State Marco Rubio, and U.S. ambassador to the U.N. Mike Waltz vowed that the United States would vote a “hard no” when delegates meet in London on Friday and urged allies to do the same.
“I am outraged that the International Maritime Organization is voting in London this week to pass a global Carbon Tax,” Trump wrote on Truth Social. “The United States will NOT stand for this Global Green New Scam Tax on Shipping, and will not adhere to it in any way, shape, or form. We will not tolerate increased prices on American Consumers OR the creation of a Green New Scam Bureaucracy to spend YOUR money on their Green dreams. Stand with the United States, and vote NO in London tomorrow!”
Administration officials argue the framework would give unelected international bureaucrats the power to tax U.S. companies and consumers while doing little to cut global emissions.
SUPREME COURT MUST FREEZE THE CLIMATE EXTORTION OF OUR ENERGY INDUSTRY
“This week, the UN is attempting to pass the first global carbon tax, which will increase energy, food, and fuel costs across the world. We will not allow the UN to tax American citizens and companies,” Rubio wrote on X.
“This is a bigger deal than I think anybody realizes,” U.N. Ambassador Mike Waltz said on Fox News.
Supporters counter that a uniform carbon price is the only way to push the shipping industry — responsible for nearly 3% of global greenhouse gas emissions — to meet net-zero targets by mid-century.
The proposal will be decided at the IMO’s Marine Environment Protection Committee session in London, running through Friday, Oct. 17, where nations must reach consensus for it to take effect.
Read the full article here
