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France 24

Environment

NEWS WIRES

Paris summit on climate and finance ends without deal on global shipping tax

Emmanuel Macron Paris United States Janet Yellen China Joe Biden Li Qiang Xi Jinping the International Maritime Organization

Loading docks are seen at the Port of Los Angeles on November 21, 2022. © Damian Dovarganes, AP

Participants at the Paris summit on finance and climate stopped short of a deal to create a tax on greenhouse gas emissions produced from international shipping.

The two-day gathering of world leaders and finance bosses, aimed at tackling climate change and poverty, ended without a major announcement Friday. French President Emmanuel Macron, who hosted the summit, said upcoming reforms of the international finance system would be assessed within the next two years.

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