Overview
- Member states voted in London on Friday to postpone the final decision on the shipping CO2‑pricing framework that won majority backing in April.
- Saudi Arabia introduced the delay motion as Washington warned supportive countries of visa curbs and port fees and sought to give abstentions greater weight in the vote.
- President Donald Trump labeled the plan a "global green new fraud tax" on Truth Social, and Secretary of State Marco Rubio hailed the postponement as a victory.
- The framework had been slated to start in 2027, covering ships over 5,000 tonnes that produce about 85% of shipping emissions, with revenues intended for cleaner fuels and support to vulnerable states.
- Industry and environmental groups called the deferral a major setback that reduces the chances of uniform global rules for decarbonising the sector.