#ClimateDiplomacy #CarbonPrice #ShippingWars #USvsEU #NetZeroShowdown

Transcript

00:00UN Chipping Emissions Deal Sparks US-EU Clash

00:04At the ongoing IMO International Maritime Organization meeting,

00:07nations are pushing to impose a carbon pricing system on large vessels over 5,000 tons

00:12that exceed emissions thresholds. Effectively, a polluter pays model.

00:17Reuters. The twist?

00:19The United States is pushing back hard, opposing what it calls a European export of climate rules

00:24and even threatening retaliatory port fees or visa restrictions on nations that back the deal.

00:28Reuters. If approved, the mechanism could raise $11-12 billion annually and fund a new IMO net zero fund.

00:39Reuters. This is more than a green measure.

00:41It's a geopolitical test of whether climate regulations can become new levers in trade and diplomacy.