• Latest
  • Trending
  • All

Global breakthrough agreement to tackle shipping emissions

April 11, 2025

Reform pledges new tax on hiring foreign workers

June 15, 2026

Gang guilty of organised crime in £4m cocaine and dirty money ring

June 15, 2026

Pensioner suffocated neighbour and recorded his dying words, court told

June 15, 2026

Reports nurses told by police to show ID to masked men during trouble – O'Neill

June 15, 2026

World Cup 2026: Nestory Irankunda – the refugee who quit Bayern to make Australia history

June 15, 2026

Trump and thousands of others watch UFC fight on White House lawn

June 15, 2026

South African TV star arrested after allegedly kidnapping man in girlfriend dispute

June 15, 2026

Australia demands answers after girl taken hostage is shot dead by Pakistan police

June 15, 2026

Norwegian crown princess's son found guilty of two counts of rape

June 15, 2026

US musician Oliver Tree dies in helicopter collision in Brazil

June 15, 2026

US and Iran agree deal to end war as Trump says Strait of Hormuz to reopen

June 15, 2026

'Boyfriend duties call,' Trudeau says after skipping Canada match to watch Perry

June 15, 2026
News
  • Login
  • Home
  • News
  • Sports
  • Worklife
  • Travel
  • Reel
  • Future
  • More
Monday, June 15, 2026
No Result
View All Result

NEWS

3 °c
London
8 ° Wed
9 ° Thu
11 ° Fri
13 ° Sat
  • Home
  • Video
  • World
    • All
    • Africa
    • Asia
    • Australia
    • Europe
    • Latin America
    • Middle East
    • US & Canada

    World Cup 2026: Nestory Irankunda – the refugee who quit Bayern to make Australia history

    Trump and thousands of others watch UFC fight on White House lawn

    South African TV star arrested after allegedly kidnapping man in girlfriend dispute

    Australia demands answers after girl taken hostage is shot dead by Pakistan police

    Norwegian crown princess's son found guilty of two counts of rape

    US musician Oliver Tree dies in helicopter collision in Brazil

    US and Iran agree deal to end war as Trump says Strait of Hormuz to reopen

    'Boyfriend duties call,' Trudeau says after skipping Canada match to watch Perry

    Clinical Australia upset Turkey in World Cup opener

  • UK
    • All
    • England
    • N. Ireland
    • Politics
    • Scotland
    • Wales

    Reform pledges new tax on hiring foreign workers

    Gang guilty of organised crime in £4m cocaine and dirty money ring

    Pensioner suffocated neighbour and recorded his dying words, court told

    Reports nurses told by police to show ID to masked men during trouble – O'Neill

    Starmer set to ban under-16s from major social media platforms

    Hamilton says Barcelona win beyond wildest dreams

    Sinkholes near Purley bridge halt Gatwick trains

    Glasgow race attacks a 'mark against the reputation of the city'

    Jade Jones could face Sheena Bathory after dominant second boxing win

  • Business
    • All
    • Companies
    • Connected World
    • Economy
    • Entrepreneurship
    • Global Trade
    • Technology of Business

    Oil prices slide after Pakistan announces deal between US and Iran

    UK electric car sales target set to be weakened

    Why the US economy keeps defying the odds

    Teen plans to leave uni 'debt free' after making £35,000 selling vintage football shirts

    Beauty Pie LED mask ad banned over misleading anti-wrinkle claim

    Elon Musk becomes world's first trillionaire as SpaceX soars in stock market debut

    'I was employee number one at SpaceX'

    Reporter Reads

    Elon Musk’s SpaceX raises $75bn ahead of record stock market debut

  • Tech
  • Entertainment & Arts

    Meghan hits red carpet at Power of Women in Hollywood

    Margot Robbie unable to speak at Saltburn premiere

    Barbra Streisand: Siri can now pronounce my name

    Wes Anderson’s The Grand Budapest Hotel inspires cinema’s look

    Taylor Swift/ Travis Kelce romance reaches White House

    The Killers booed at Georgia concert after inviting Russian fan on stage

    Watch: Memorable moments from Parkinson's star-studded show

    Tom Jones: Neighbour surprised to find singer in flat below

    Black Country Folk Festival showcases local musicians

    Watch: Australians set new world record with Tina Turner dance

  • Science
  • Health
  • In Pictures
  • Reality Check
  • Have your say
  • More
    • Newsbeat
    • Long Reads

NEWS

No Result
View All Result
Home Business

Global breakthrough agreement to tackle shipping emissions

April 11, 2025
in Business
8 min read
236 17
0
493
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter


Esme Stallard

Climate and science reporter

Costfoto/NurPhoto/Getty Images Aerial shot of red cargo ship with smaller ships dotted around unloading goodsCostfoto/NurPhoto/Getty Images

Countries have agreed a global deal to tackle shipping emissions, after nearly ten years of negotiations.

The agreement covers the vast majority of the world’s commercial shipping and means that starting in 2028, ship owners will have to use increasingly cleaner fuels or face fines.

The deal was nearly derailed after Saudi Arabia forced a last minute vote and the US pulled out of talks in London – but it eventually passed on Friday.

Small island states and environmental groups were angry that a blanket tax was not agreed to and called the deal “unfit for purpose”.

Shipping accounts for around 3% of global emissions. But unlike many other sectors it has struggled to reduce its carbon footprint over the last decade and is reliant on fossil fuels like diesel.

But the agreement means it is now the first industry in the world with internationally mandated targets to reduce emissions.

The agreement was passed at the UN’s International Maritime Organisation (IMO) meeting.

It will require owners of large international vessels to increase their use of less carbon intensive fuels or face a penalty of up to $380 per tonne of carbon dioxide emissions they emit from burning fuel.

Although the final agreement was passed, it had to be put to a vote – an unusual move for UN bodies that usually agree measures by consensus.

The vote was requested by Saudi Arabia, who did not support the agreement, and this position was shared by a dozen other oil-producing nations, including Russia.

Although they opposed the proposal, they will be bound to implement it because they are members of the IMO.

There have been moves to improve the efficiency of ships, but emissions have continued to increase in line with global trade – 90% of which is carried by ships.

The most effective measure would be to switch ships away from fossil fuels to green fuels, but that would be very expensive.

“There is no fuel as cheap as diesel that ships use today because when we take crude oil out of the ground, we take out all the nice bits, that’s the kerosene for aviation, diesel and petrol for cars,” said Faig Abbasov, programme director for maritime transport at think tank Transport and Environment.

“Whatever is left at the bottom, that’s what ships burn. So no fuel will be as cheap as this because not much energy goes into its production,” he said.

In comparison, the most environmentally friendly fuels like e-kerosene and ammonia are created from initially splitting water atoms to obtain hydrogen, which is a very energy-intensive and costly process.

Figures vary depending on the fuel type but the World Economic Forum estimates that these green fuels are 3-4 times more expensive to produce.

“There’s still a huge cost gap between the fossil fuels and the zero emission fuels and we need to close this gap. So you need carrots and sticks and in shipping the stick is not that big yet to use sustainable fuels,” said Refke Gunnewijk, program manager for sustainable transport at the Port of Rotterdam.

Reuters Red, blue and white containers sit stacked up on the side of a port. In the water is a cargo ship with containers being loaded on and off.Reuters

Nearly 90% of the world’s goods are moved via ship and the industry continues to grow in line with trade volumes

Some island states also abstained and said the deal was a watered down version of what they hoped for. An earlier proposal to apply a blanket carbon tax or levy – which would have been a world first – was dropped.

“Let us be clear about who has abandoned 1.5°C. Saudi Arabia, the US and fossil fuel allies pushed down the numbers to an untenable level and blocked progress at every turn,” said Ralph Regenvanu, minister of energy and climate change for Vanuatu.

Their disappointment was shared by environmental groups.

“This week, IMO member states squandered a golden opportunity for the global shipping sector to show the world how it can turn the tide on catastrophic climate heating, putting their own goals out of reach”, said Delaine McCullough, president of the Clean Shipping Coalition.

It is estimated that the agreement could achieve an 8% reduction in emissions for the sector by 2030, according to the maritime consultancy UMAS. This would be short of the IMO’s target agreed two years ago to cut emissions by 20% by the end of the decade.

But China and Brazil had previously raised concerns that a levy could result in a significant price increase for basic goods like food. Both countries backed the final deal.

Jesse Fahnestock, director of decarbonisation at the Global Maritime Forum, said that the deal was a compromise.

“It is a difficult set of decisions, but it is the first regulation of its kind and that is to be celebrated,” he said.

Fahnestock added it was unclear if the penalties were enough to close the cost gap between the fuel types.

“You may have incentivised shipowners to prepare a bit for the future fuels but whether the signal is strong enough to get the billions of dollars of investment into the production facilities for these fuels – I don’t think these regulations will overcome that. I think more will need to be done,” he said.

Any money raised from the penalties will be put into a “Net Zero” fund, with money spent on scaling up greener fuels and supporting developing countries.

It is this “redistribution” that prompted the US delegation to pull out of the talks on Tuesday night. A letter was sent by the US to all countries at the IMO negotiations saying any levy would cause inflation and if it was passed then “reciprocal measures” would be taken.

Although the US move was at odds with its long-held position at the IMO, it was in keeping with President Trump’s push back on climate action seen over the last few months – such as withdrawing the US from the Paris Climate Agreement.

But industry and country delegates appeared unperturbed when speaking to the BBC on Wednesday and continued with negotiations.

The US only flags 178 cargo ships that represent 0.57% of worldwide commercial shipping tonnage. So if it took the decision not to implement the new proposals it is unlikely to make a significant difference to the funds raised.

Now the committee have agreed the measure, it is expected to be formally adopted in October.

Thin, green banner promoting the Future Earth newsletter with text saying, “Get the latest climate news from the UK and around the world every week, straight to your inbox”. There is also a graphic of an iceberg overlaid with a green circular pattern.



Source link

Tags: agreementbreakthroughemissionsGlobalshippingtackle

Related Posts

Oil prices slide after Pakistan announces deal between US and Iran

June 15, 2026
0

Under the agreement, the key Strait of Hormuz waterway will be reopened, US President Donald Trump said. Source...

UK electric car sales target set to be weakened

June 14, 2026
0

The new target hasn't yet been decided, with different numbers under consideration, the BBC understands. Source link

Why the US economy keeps defying the odds

June 14, 2026
0

Why has the American economy continued to outperform so many of its peers, despite facing the same global shocks?...

  • Lee McGregor: Scot seeks world title in 2025 & Nathaniel Collins bout

    677 shares
    Share 271 Tweet 169
  • Belgian footballer arrested in cocaine investigation

    533 shares
    Share 213 Tweet 133
  • Next to raise prices to help pay for rising wage costs

    531 shares
    Share 212 Tweet 133
  • South Wales Police officers injured, one arrested

    525 shares
    Share 210 Tweet 131
  • Charities to get £15m fund to save surplus farm food

    516 shares
    Share 206 Tweet 129
  • Trending
  • Comments
  • Latest

Lee McGregor: Scot seeks world title in 2025 & Nathaniel Collins bout

January 16, 2025

Belgian footballer arrested in cocaine investigation

January 27, 2025

Next to raise prices to help pay for rising wage costs

January 7, 2025

World Cup 2022: TikTok brings football fever to millions of fans

0

UK economy will get worse before it gets better, warns chancellor

0

One of Central America’s most active volcanoes erupts again

0

Reform pledges new tax on hiring foreign workers

June 15, 2026

Gang guilty of organised crime in £4m cocaine and dirty money ring

June 15, 2026

Pensioner suffocated neighbour and recorded his dying words, court told

June 15, 2026

Categories

UK

Reform pledges new tax on hiring foreign workers

June 15, 2026
0

The party says the move would allow it to reverse last year's National Insurance rise for British workers. ...

Read more

Gang guilty of organised crime in £4m cocaine and dirty money ring

June 15, 2026
News

© 2023 GODJ - NEWS CORP - news.godj.com.

Explore NEWS.GODJ.COM

  • Home
  • News
  • Sports
  • Worklife
  • Travel
  • Reel
  • Future
  • More

Follow Us

  • Home Main
  • Video
  • World
  • Top News
  • Business
  • Sport
  • Tech
  • UK
  • In Pictures
  • Health
  • Reality Check
  • Science
  • Entertainment & Arts
  • Login

© 2023 GODJ - NEWS CORP - news.godj.com.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.