-
'Amazing' feeling for Rees-Zammit on Wales return after NFL adventure
-
'Cruel' police raids help, not hinder, Rio's criminal gangs: expert
-
S. African president eyes better US tariff deal 'soon'
-
Sinner cruises in Paris Masters opener, Zverev keeps title defence alive
-
Winter Olympics - 100 days to go to 'unforgettable Games'
-
Kiwi Plumtree to step down as Sharks head coach
-
France to charge Louvre heist suspects with theft and conspiracy
-
US media mogul John Malone to step down as head of business empire
-
'Never been this bad': Jamaica surveys ruins in hurricane's wake
-
France adopts consent-based rape law
-
Zverev survives scare to kickstart Paris Masters title defence
-
Rabat to host 2026 African World Cup play-offs
-
Wolvaardt-inspired South Africa crush England to reach Women's World Cup final
-
US says not withdrawing from Europe after troops cut
-
WHO urges Sudan ceasefire after alleged massacres in El-Fasher
-
Under-fire UK govt deports migrant sex offender with £500
-
AI chip giant Nvidia becomes world's first $5 trillion company
-
Arsenal depth fuels Saka's belief in Premier League title charge
-
Startup Character.AI to ban direct chat for minors after teen suicide
-
132 killed in massive Rio police crackdown on gang: public defender
-
Pedri joins growing Barcelona sickbay
-
Zambia and former Chelsea manager Grant part ways
-
Russia sends teen who performed anti-war songs back to jail
-
Caribbean reels from hurricane as homes, streets destroyed
-
Boeing reports $5.4-bn loss on large hit from 777X aircraft delays
-
Real Madrid's Vinicius says sorry for Clasico substitution huff
-
Dutch vote in snap election seen as test for Europe's far-right
-
Jihadist fuel blockade makes daily life a struggle for Bamako residents
-
De Bruyne goes under the knife for hamstring injury
-
Wolvaardt's 169 fires South Africa to 319-7 in World Cup semis
-
EU seeks 'urgent solutions' with China over chipmaker Nexperia
-
Paris prosecutor promises update in Louvre heist probe
-
Funds for climate adaptation 'lifeline' far off track: UN
-
Record Vietnam rains kill seven and flood 100,000 homes
-
Markets extend record run as trade dominates
-
Sudan govt accuses RSF of attacking mosques in El-Fasher takeover
-
Rain washes out 1st Australia-India T20 match
-
Spain's Santander bank posts record profit
-
FIA taken to court to block Ben Sulayem's uncontested candidacy
-
Chemicals firm BASF urges EU to cut red tape as profit dips
-
Romania says US will cut some troops in Europe
-
Israel hits dozens of targets as Gaza sees deadliest night since truce
-
Mercedes-Benz reassures on Nexperia chips as profit plunges
-
France tries Bulgarians over defacing memorial in Russia-linked case
-
BBC says journalist questioned and blocked from leaving Vietnam
-
UK drugmaker GSK lifts 2025 guidance despite US tariffs
-
Mercedes-Benz profit plunges on China slump and US tariffs
-
South Korea gifts Trump replica of ancient golden crown
-
Record Vietnam rains kill four and flood 100,000 homes
-
Norway's energy giant Equinor falls into loss
| CMSD | -0.28% | 24.57 | $ | |
| JRI | -1.59% | 13.83 | $ | |
| BCC | -2.74% | 70.44 | $ | |
| CMSC | 0.28% | 24.327 | $ | |
| RIO | 0.83% | 72.59 | $ | |
| SCS | -3.96% | 16.045 | $ | |
| NGG | -1.28% | 75.68 | $ | |
| RYCEF | -0.65% | 15.36 | $ | |
| RBGPF | -0.11% | 79 | $ | |
| BTI | -1.44% | 51.715 | $ | |
| AZN | -0.79% | 81.96 | $ | |
| BP | 2.27% | 35.26 | $ | |
| GSK | 4.9% | 45.95 | $ | |
| BCE | -0.62% | 23.425 | $ | |
| RELX | -3.31% | 44.75 | $ | |
| VOD | -2.86% | 11.895 | $ |
Maritime sector to decide on plan to cut emissions opposed by US
Member states of the International Maritime Organization will decide on Friday whether to formally adopt a plan to cut carbon emissions in the face of opposition from the United States.
The London-based IMO, which is the shipping body of the United Nations, voted in April for a global pricing system to help curb maritime carbon emissions.
Leading up to Friday's decision -- China, the European Union, Brazil, Britain and several other members of the IMO -- this week reaffirmed their support at a summit in the British capital.
However, Washington's threat to impose sanctions on those supporting it has cast doubt on the future of the Net Zero Framework (NZF), the first global carbon-pricing system.
"I am outraged that the International Maritime Organization is voting in London this week to pass a global Carbon Tax," US President Donald Trump wrote on his Truth Social platform Thursday.
"The United States will NOT stand for this Global Green New Scam Tax on Shipping," he added.
The United States this week advocated changing the voting process to give more weight to abstentions, a proposal that will be considered early Friday.
Should the US proposal be accepted, it could derail adoption of the carbon-reduction plan.
The framework would require ships to progressively reduce carbon emissions from 2028, or face financial penalties.
Shipping accounts for nearly three percent of global greenhouse gas emissions, according to the IMO.
Last week, the United States threatened countries who vote in favour of the framework with sanctions, visa restrictions and port levies, calling the proposal a "global carbon tax on the world".
The Philippines, which provides the most seafarers of any country, and Caribbean islands focused on the cruise industry, would be particularly impacted by visa restrictions and sanctions.
In order to be adopted, the framework needs the backing of two-thirds of 108 voting IMO members who belong to a long-standing international convention for the prevention of pollution from ships, known as MARPOL.
A majority of members -- 63 states -- that in April voted in favour of the NZF are expected to maintain their support and to be joined by others.
The plan would charge ships for emissions exceeding a certain threshold, with proceeds used to reward low-emission vessels and support countries vulnerable to climate change.
Several major oil producers -- Saudi Arabia, Russia and the United Arab Emirates -- voted against the measure, and are expected to do so again this week, arguing it would harm the economy and food security.
Pacific Island states, which abstained in the initial vote over concerns the proposal was not ambitious enough, are now expected to support it.
If the global emissions pricing system was adopted, it would become difficult to evade, even for the United States.
IMO conventions allow signatories to inspect foreign ships during stopovers and even detain non-compliant vessels.
Since returning to power in January, Trump has reversed Washington's course on climate change, denouncing it as a "scam" and encouraging fossil fuel use by deregulation.
burs-pml/bcp/jkb/giv/tym/ach
X.AbuJaber--SF-PST