Shipping companies to pay for carbon dioxide produced by vessels

Shipping companies to pay for carbon dioxide produced by vessels

Compromise deal falls far short of carbon levy poor countries were hoping for

Shipping companies will have to pay for the carbon dioxide produced by their vessels for the first time under new rules agreed by the world’s maritime watchdog.

The regulations agreed on Friday fall far short of the levy on CO2 that poor countries were hoping for, which would have funded their efforts to combat the climate crisis.

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