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 ...

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 ...

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 ...

This unprecedented move comes as part of the IMO's Net-Zero Framework under MARPOL Annex VI, marking the first time the shipping sector - responsible for nearly 3 percent of global emissions ...

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 ...