The International Maritime Organization is preparing for a vote on a global carbon levy for the shipping industry. The proposal suggests a penalty of $100 to $380 per metric ton of excess CO2, with funds directed toward a UN administered Net Zero Fund for green fuels and transition support. Critics argue the levy would act as a regressive tax, increasing the cost of imported goods for consumers. The debate centers on whether a centralized UN fund is an effective tool for decarbonization or a mechanism for wealth transfer that fails to address emissions from major polluters like China.
