Paris Summit Gains Momentum: 22 Countries Back Carbon Tax for Ships

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Written By Jennifer Joslyn

🇫🇷 Paris Summit Gains Momentum: 22 Countries Back Carbon Tax for Ships.

More than 20 countries, including France, Spain, Norway, and Portugal, expressed support for a carbon tax on greenhouse gas emissions from the international shipping industry during a global finance summit in Paris. The proposal, which aims to charge shippers for their emissions, has been previously presented to the International Maritime Organization (IMO) and is currently under discussion. The initiative is also backed by the European Commission, Trafigura Group, and the International Chamber of Shipping. While notable, the list of supporters does not yet include the United States or China. However, US Treasury Secretary Janet Yellen has expressed openness to considering a maritime tax proposal.

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