Trump delayed a global carbon tax. Now he wants to finish the fight

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illuminem summarises for you the essential news of the day. Read the full piece on POLITICO or enjoy below:

🗞️ Driving the news: The Trump administration is preparing a diplomatic cable to oppose the adoption of a carbon tax on shipping pollution by the U.N. International Maritime Organization (IMO)
• The U.S. opposes any climate fee on the shipping industry and a fund to use carbon revenue for emission reduction programs
• A vote on the carbon tax was delayed last fall after U.S. threats of tariffs, and now Trump’s administration is seeking to kill the proposal permanently

🔭 The context: The carbon tax proposal, part of the IMO’s Net-Zero Framework (NZF), would incentivize cleaner shipping fuels to reduce emissions by 2050
• The U.S. is pushing for the elimination of penalties on fuel types like LNG and the termination of the European Union’s Emissions Trading System for large ships
• Some countries, like Liberia and Brazil, are proposing alternatives to the carbon fee

🌍 Why it matters for the planet: The shipping industry contributes 3% of global climate pollution, making it crucial to address its emissions for the planet’s climate goals
• The global framework on shipping emissions could set the stage for a more unified and impactful approach to reduce global maritime pollution
• Ongoing political resistance threatens effective and coordinated action

⏭️ What’s next: The U.S. is set to continue its diplomatic campaign to oppose the carbon tax and NZF, likely influencing upcoming IMO meetings
• Other countries, including Liberia, Argentina, and Panama, are advocating for alternative solutions, while Brazil supports the NZF framework

💬 One quote: “The most appropriate path forward is to end consideration of the NZF prior to moving to a new discussion,” - The U.S. State Department’s draft memo

📈 One stat: The shipping industry accounts for about 3% of global climate pollution, highlighting the importance of addressing its emissions

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