The U.S. on Tuesday (12/8/2025) rejected the “Net-Zero Framework” proposal by the International Maritime Organization, which is aimed at reducing global greenhouse gas emissions from the international shipping sector, and threatened measures against countries that support it. The announcement, made
Carbon pricing systems around the world are built on three foundational approaches: carbon taxes, emissions trading systems (ETS or cap-and-trade), and hybrid models that combine elements of both. Carbon Tax A carbon tax is a government-imposed fee on the burning
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