World shipping nations have agreed to introduce the industry’s first emissions tax to curb greenhouse gas output.
The International Maritime Organization (IMO) says many of the world’s largest shipping nations have agreed to what amounts to the industry’s first global tax on greenhouse gas emissions.
At a meeting in London, they approved a minimum fee of $100 per ton of greenhouse gases emitted by cargo ships above certain thresholds.
Set to take effect in 2027, the agreement requires cargo ships to adopt less carbon-intensive fuels or face financial penalties.
The European Union, Brazil, China, India, and Japan supported the deal, while major oil producers Russia, the United Arab Emirates, and Saudi Arabia voted against it. The United States abstained.
Shipping is responsible for nearly 3% of global greenhouse gas emissions, according to the IMO. Revenue from the fees, expected to reach around $10 billion a year, will go into the IMO’s net zero fund to support investment in greener fuels and technologies for the shipping sector.
At least nine people, including children and their rescuers, died after sudden floodwaters swept through a river in Pakistan’s Swat Valley, turning a family picnic into tragedy.
Floods triggered by relentless monsoon rains have forced people to evacuate across China's Guizhou province, with cities urging residents to flee rising waters as infrastructure collapses and warnings of more extreme weather loom.
A historic May heat wave pushed Greenland’s ice melt to 17 times its average rate and sent Iceland’s temperatures soaring to record-breaking highs, raising urgent alarms about Arctic climate vulnerability.
Climate change could slash over 5% from Italy’s GDP by 2050 if no action is taken, according to the national budget watchdog, highlighting the urgent need for global emissions cuts.
On June 8, people around the globe mark World Oceans Day, highlighting the ocean’s critical role in sustaining life and urging action to protect its future.
A deadly car bombing struck a Pakistani military convoy near the Afghan border on Saturday, killing at least 13 soldiers and injuring several others, according to local sources.
Polish President Andrzej Duda arrived in Kyiv on a farewell visit ahead of the end of his term on 6 August. He is expected to meet with Ukrainian President Volodymyr Zelenskyy during his stay.
Thousands of Iranians filled the streets of Tehran on Saturday to mourn senior military leaders and nuclear scientists killed in recent Israeli airstrikes.
Turkish Foreign Minister Hakan Fidan emphasized the urgency of a U.S.-Iran agreement to prevent further regional escalation, pointing to ongoing diplomatic momentum following recent military tensions.
The UN has welcomed a U.S.-brokered peace deal between the Democratic Republic of the Congo and Rwanda, calling it a major step toward regional stability.
Iran launched 18 ballistic missiles late Sunday targeting the U.S. military’s Al-Udeid Air Base in Qatar, the largest American installation in the Middle East.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
The U.S. Embassy in Qatar has advised American citizens to shelter in place amid rising tensions between Israel and Iran, as part of a broader global security alert issued by Washington.
In a televised address on Saturday night, U.S. President Donald J. Trump announced that American forces, in coordination with Israel, had conducted precision strikes on Iran’s Fordow, Natanz, and Isfahan nuclear sites, aiming to dismantle Tehran’s enrichment capabilities.
A deadly car bombing struck a Pakistani military convoy near the Afghan border on Saturday, killing at least 13 soldiers and injuring several others, according to local sources.
Polish President Andrzej Duda arrived in Kyiv on a farewell visit ahead of the end of his term on 6 August. He is expected to meet with Ukrainian President Volodymyr Zelenskyy during his stay.
Thousands of Iranians filled the streets of Tehran on Saturday to mourn senior military leaders and nuclear scientists killed in recent Israeli airstrikes.
Turkish Foreign Minister Hakan Fidan emphasized the urgency of a U.S.-Iran agreement to prevent further regional escalation, pointing to ongoing diplomatic momentum following recent military tensions.
U.S. President Donald Trump has strongly denied reports suggesting his administration considered offering Iran $30 billion for a civilian nuclear program, calling the claims a “hoax.”
A deadly car bombing struck a Pakistani military convoy near the Afghan border on Saturday, killing at least 13 soldiers and injuring several others, according to local sources.
Polish President Andrzej Duda arrived in Kyiv on a farewell visit ahead of the end of his term on 6 August. He is expected to meet with Ukrainian President Volodymyr Zelenskyy during his stay.
Thousands of Iranians filled the streets of Tehran on Saturday to mourn senior military leaders and nuclear scientists killed in recent Israeli airstrikes.
Turkish Foreign Minister Hakan Fidan emphasized the urgency of a U.S.-Iran agreement to prevent further regional escalation, pointing to ongoing diplomatic momentum following recent military tensions.
The UN has welcomed a U.S.-brokered peace deal between the Democratic Republic of the Congo and Rwanda, calling it a major step toward regional stability.
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