After two weeks of discussions at the United Nations shipping agency in London, a decisive majority of countries have emerged in support of implementing the world’s first global emissions tax.

The International Maritime Organization convened for its latest series of negotiations aimed at addressing climate regulation within the shipping industry, which contributes approximately 3% of global carbon emissions.

Representatives from thirty-four countries, spanning both high- and low-income states, voiced their support for a universal greenhouse gas price, CNBC reported.

This marks a notable increase in backing compared to the previous round of talks in 2023.

Advocates credited the growing momentum for this policy to the endorsement from Caribbean Island states, leading them to believe that the measure is likely to be adopted by the IMO next year.

Written by B.C. Begley