New Pact Would Require Ships to Cut Emissions or Pay a Fee

www.nytimes.com
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A draft global agreement sets a fee for cargo ships, which carry the vast majority of world trade, to pay for their greenhouse gas emissions.
Amid the turmoil over global trade, countries around the world reached a remarkable, though modest, agreement Friday to reduce the climate pollution that comes from shipping those goods worldwide — with what is essentially a tax, no less.

An accord reached in London under the auspices of the International Maritime Organization, a United Nations agency, would…
Somini Sengupta
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