International Business and TradePolicy

Global Shipping Climate Accord Stalled Amid US Opposition Tactics

A landmark climate agreement for the global shipping industry has been postponed following contentious negotiations at the International Maritime Organization. The delay comes after the US and allied nations applied pressure to block the proposed carbon levy, drawing criticism from climate-vulnerable countries and industry representatives.

Shipping Emissions Agreement Derailed

A United Nations-backed climate framework for the global shipping industry has been effectively stalled after a controversial vote to delay adoption for one year, according to reports from the International Maritime Organization meetings in London. The Net Zero Framework, which had been provisionally agreed upon by a majority of countries in April, would have established a legally-binding carbon price on shipping emissions starting in 2030.

International Business and TradePolicy

EU Accelerates Global Carbon Pricing Push as 2026 Border Levy Approaches

The European Union is accelerating diplomatic efforts to establish global carbon pricing standards ahead of its 2026 carbon border levy implementation. According to reports, the EU has collaborated with over 40 countries on emissions trading schemes, with China expanding its system and Brazil pushing for an international coalition.

EU’s Global Carbon Pricing Initiative Gains Momentum

The European Union is making a renewed push for global carbon pricing implementation as it prepares to launch its contentious carbon border adjustment mechanism (CBAM) in January 2026, according to reports from Financial Times. Sources indicate the European Commission’s international carbon pricing task force has collaborated with more than 40 countries in the past year, focusing particularly on major emitters with developing carbon markets.