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flag IMO discusses global emissions tax on shipping to cut 3% of world's emissions, facing economic opposition.

flag The International Maritime Organization is holding talks in London to reduce shipping's carbon footprint, which accounts for about 3% of global emissions. flag They're considering a global marine fuel standard and an economic measure like a carbon levy or credit scheme. flag This could lead to the world's first-ever global emissions tax. flag However, such a tax faces opposition from countries concerned about economic competitiveness and trade wars.

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