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#ClimateDiplomacy #CarbonPrice #ShippingWars #USvsEU #NetZeroShowdown
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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.
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