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flag A global coalition proposes a GHG levy on shipping emissions to fund transition to zero-emission fuels.

flag A coalition of 47 governments and shipping industry groups is pushing for a greenhouse gas (GHG) levy to fund the transition to zero-emission fuels in international shipping. flag This proposal, aimed at reducing shipping emissions to net-zero by 2050, would see shipping companies pay into a global fund based on their CO2 emissions. flag The IMO must agree on measures to implement its 2023 GHG Strategy by April 2025, with new rules needing to be in place by 2027. flag While the proposal is backed by major shipping nations like Japan and the EU, countries like the US and China are opposed. flag The levy aims to make green fuels more competitive and support vulnerable nations in their energy transitions.

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