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International Business Times

Science

UN Shipping Body Approves Global Carbon Pricing System

United Nations IMO the International Maritime Organization

Shipping accounts for nearly three percent of global greenhouse gas emissions, the IMO says (Credit: AFP)

Member states of the International Maritime Organization have voted in favour of a global pricing system to help curb maritime carbon emissions, the UN shipping body announced Friday.

From 2028, all ships will be required to use a less carbon-intensive fuel mix or face financial penalties, the IMO said.

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