The US succeeded in blocking the global currency from sending money as the international conference adjourned on Friday without reaching a resolution.
The world’s largest maritime nations are lining up to adopt policies to move the shipping industry away from fossil fuels to smooth the way out. But US President Donald Trump, Saudi Arabia and other countries have vowed to fight any global tariffs on export exports.
The US threatened to retaliate so that countries would support it. Trump urged countries to vote “no” at the headquarters of the international organization in London, in a post on the Social Media Platform Truth in Society on Thursday that “
In the post on X Friday, the Secretary of the US MARCO RUBO Rubio called the failure of the program “Another big win” for Trump, who called the effort to fight the climate “
Rubio had renewed regulations such as the “Global Carbon Cand” and threatened restrictions, visa restrictions and other retaliatory measures against the countries that supported it.
A spokesperson for Transport Canada told international news on Thursday that the government supported the regulations, but did not face any problems with US retaliation that could be retaliated against by the Trump Administration and the Trump administration.
“As an established member of the International Maritime Organization, Canada is working with international partners to improve climate action in the shipping sector,” said the organization’s spokesperson Hicham Ayoun in a statement.
“The Government of Canada has and will continue to work closely with the United States on maritime transport.”
The US State Department would not comment on whether Rubio or other officials have raised the issue with their Canadian counterparts.
The IMO is a United Nations organization that regulates international shipping.
Saudi Arabia wanted to vote to postpone the meeting for one year. More than half of the countries have agreed.
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“Now you have one year, you will continue to work on several aspects of these amendments,” Arsenio Dominguez, Secretary General of the International Maritime Organization, said in his closing remarks. “You have one year to negotiate and talk and come to an agreement.”
Ralph Rulenvanu, the minister for climate change in the Pacific Island nation of Vanuatu, said the decision was unacceptable, “given the urgency we face in accelerating climate change.”
If green regulations are adopted, it would be the first time the world’s money has been earmarked for Planetary – Warming greenhouse gas emissions. Most ships today run on heavy fuel oil that emits carbon dioxide and other pollutants as it is burned.
“The delay leaves the shipping sector reeling in uncertainty. But this week has shown that there is a clear will to clean up the shipping industry,” said Alison Shaw, Transport Manager.
Shipping has grown over the past decade to 3% of the global total as trade has grown and ships are using large amounts of long-distance cargo. In April, IMO member countries agreed on the content of the regulatory framework, with the aim of adopting the “Net-Zero framework” at the London meeting.
The adoption of the regulations was intended to show real progress on climate goals around the world, says Emma Demomacy director of the UK-based climate standard, to find an opportunity. Delaying the risks of the processes reduces the framework’s ambitions, they added.
The regulations will set a Marine Fuel standard that reduces, over time, the amount of greenhouse gas emissions allowed from the use of shipping fuel. The regulations will also establish a pricing system that will set a fee for all greenhouse gas emissions that are emitted with the above limits, in the form of an initial Greenhouse Green Emions tax.
The funds were estimated to generate $11 billion to $13 billion in revenue annually if adopted. They had to go into the IMO fund to invest in the oil and technology needed for the transition to green shipping, reward low-cost ships and subsidize developing countries so they are not left with dirty oil and old ships.
The IMO, which regulates exports, set an industry goal of achieving net-zero greenhouse gas emissions by around 2050, and committed to ensuring that zero or near-zero fuels are widely used.
“What is important now is that countries stand up and return to the IMO with a louder and more confident vote that will not be silenced,” said Anaïs Rign, Risk Management Policy Officer. “The planet and the future of shipping has no time to waste.”
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