00:00Right now, world powers are battling over a shipping deal that could change global trade forever.
00:06The International Maritime Organization is meeting this week to decide whether to charge carbon fees on large ships over 5,000 tons that exceed pollution limits.
00:14But here's where it gets messy.
00:18The US is furiously opposed, calling it European neocolonialism and threatening port fees and visa restrictions against countries that support it.
00:25Meanwhile, the EU, China, Japan and the UK are pushing hard for this deal, arguing it's essential to force shipping companies to clean up their act.
00:34We're talking about $11 to $12 billion in annual revenue by 2030.
00:38This isn't just about the environment.
00:40It's a geopolitical chess match where climate action, trade economics and national sovereignty collide on the high seas.
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