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.
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U.S. President Donald Trump is addressing the UN General Assembly as world leaders gather in New York for the 81st session. Conflicts in the Middle East and Ukraine, global security and diplomacy set to dominate the event.
Ukrainian President Volodymyr Zelenskyy said Kyiv was ready to halt strikes on Russian energy facilities if Moscow stops targeting Ukraine’s energy sector, critical infrastructure, and food exports, as he prepared to meet U.S. President Donald Trump in New York.
While addressing the 81st session of the UN General Assembly, U.S. President Donald Trump said he believes Washington and Tehran will reach a deal after the U.S. midterm elections.
U.S. Secretary of State Marco Rubio is set to meet Russian Foreign Minister Sergey Lavrov in New York on Wednesday, as Washington pushes for an end to the war in Ukraine and Kyiv and Moscow continue to strike energy infrastructure.
U.S. President Donald Trump said his team held a three-hour meeting with an Iranian delegation in New York that he described as “very good” and “productive”, with another round of talks scheduled soon.
U.S. Secretary of State Marco Rubio is set to meet Russian Foreign Minister Sergey Lavrov in New York on Wednesday, as Washington pushes for an end to the war in Ukraine and Kyiv and Moscow continue to strike energy infrastructure.
South Korean President Lee Jae Myung and U.S. President Donald Trump welcomed “significant progress” in discussions on strategic investment projects on the sidelines of the United Nations General Assembly, Seoul's presidential office said on Wednesday.
Here’s your AnewZ Daily Brief for 23 September 2026, featuring five key highlights from the first day of the 81st United Nations General Assembly in New York.
Taiwan and human rights are “red lines” for China that cannot be crossed, the country's ambassador to the U.S. warned on Wednesday, striking a firm tone ahead of this week's leadership summit in Washington.
The Trump administration plans to set a refugee admissions ceiling of 17,500 over the next 12 months, with the programme expected to consist primarily of South Africans from the white Afrikaner minority, according to a notice sent to Congress on Tuesday, 22 September.
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