Trump Admin Tells the United Nations and Their ‘Net Zero Fund’ to Kick Rocks
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The Trump administration said it will not support a proposed global carbon fee on maritime shipping that is scheduled for a vote next week at the International Maritime Organization (IMO), the United Nations agency that regulates international shipping.
The Trump administration said it will not support a proposed global carbon fee on maritime shipping that is scheduled for a vote next week at the International Maritime Organization (IMO), the United Nations agency that regulates international shipping.
The measure, known as the Net Zero Fund (NZF), would mark the first instance of a UN body imposing a worldwide fee on carbon emissions from a specific industry.
“The United States will not accept any international environmental agreement that unfairly burdens the American people,” the administration said in a statement.
“We will not tolerate any action that increases costs for our citizens, energy providers, or shipping companies.”
The NZF proposal is backed by several European nations.
As described by supporters and in summaries cited by the Associated Press, the plan would establish a minimum $100 fee for every ton of greenhouse gases emitted by ocean-going vessels above specified limits.
The IMO has estimated that the mechanism could raise between $11 billion and $13 billion per year, with proceeds directed to accelerating the development of new low-carbon marine fuels, providing incentives for “low-emission vessels,” and assisting developing countries in modernizing their fleets to meet future standards.
If approved, the fee would take effect in 2027, following a phase-in period and implementation steps overseen by the IMO’s member states.
The proposal is one of several items on the agenda as delegates consider pathways to meet previously adopted sector-wide climate goals for shipping.