· 3 min read
illuminem summarises for you the essential news of the day. Read the full piece on POLITICO or enjoy below:
🗞️ Driving the news: Republican lawmakers in the U.S. have introduced a bill aimed at blocking global carbon taxes
• The "UNtaxed Act," sponsored by Rep. August Pfluger (R-Texas), seeks to prevent U.S. funding for any U.N. body that enforces a global carbon tax, particularly targeting the International Maritime Organization's proposed tax on shipping emissions
🔭 The context: The bill comes in response to the U.N.'s push to implement a carbon tax on the shipping industry, with a vote initially scheduled by the International Maritime Organization
• The U.S. intervention, led by President Donald Trump, delayed the vote for a year, highlighting ongoing opposition in Congress to international climate taxes
🌍 Why it matters for the planet: The debate over carbon taxes reflects broader tensions on how to address global emissions
• While carbon taxes can be a key tool in reducing pollution and encouraging sustainable practices, opposition from some U.S. lawmakers suggests a resistance to international climate policies that could impact domestic industries
• The outcome of this bill could shape future U.S. engagement with global climate initiatives
⏭️ What's next: As the bill progresses, it will likely spark further debate in the U.S. about the role of international institutions in climate policy
• The upcoming vote by the International Maritime Organization could also reignite tensions over how shipping emissions should be managed globally
💬 One quote: "The bill seeks to ensure that no U.N.-imposed carbon tax is funded by the U.S." — Rep. August Pfluger, sponsor of the "UNtaxed Act"
📈 One stat: The International Maritime Organization had planned a vote on a global shipping carbon tax before postponing it for a year, illustrating the contentious nature of the proposal.
Explore carbon credit purchases, total emissions, and climate targets of thousands of companies on Data Hub™ — the first platform designed to help sustainability providers generate sales leads!
Click for more news covering the latest on public governance and carbon market
