The new carbon tax is expected to generate $30-40 billion in revenues by 2030, approximately $10 billion annually. However, climate experts warn the agreement falls short of ambition, projecting ...

If adopted, it would go into effect in 2027 for ocean-going vessels over 5,000 gross tonnage, which collectively account for 85% of carbon dioxide emissions from the marine shipping fleet.

What You Need To Know 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 by ships, if their planet-heating ...

The Union of Greek Shipowners (UGS) sees no reason for the European Union to keep regulating ships’ carbon emissions after ...

Many environmental groups and island countries — which are more vulnerable to climate-driven sea level rise — had hoped that the IMO would implement a straightforward tax on all shipping ...

A coalition of shipping associations has written to the presidents of Djibouti and Gabon to express concerns about plans to ...

This study asked people how they’d feel about a global carbon tax: The larger an individual’s contribution to climate change, the more they’d pay. In exchange, everyone in the world would ...