Fri, 17 Oct 2025

Fri, 17 Oct 2025 Landmark deal to cut global shipping emissions in tatters after US pressure

President Trump intervened in the talks calling the deal a "green scam".

* Over 100 countries gathered in London to approve deal, but talks ended abruptly after Saudi Arabia tabled motion to adjourn for a year.
* Motion passed by just a handful of votes, with US, Russia, and Saudi Arabia voting in favour, citing concerns over price rises for consumers.
* UK and most EU nations voted to continue talks, but some countries including Greece abstained.
* Deal aimed to cut global shipping emissions by mandating internationally agreed targets for reduction, making shipping the world's first industry to do so.
* Shipping currently accounts for 3% of global emissions, with levels increasing in line with global trade rises.
* Delaying progress may require changes to agreement that undermine planned timeline, potentially reverting years of work.
* The deal was considered historic, marking a significant step towards reducing shipping emissions and meeting climate goals.
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