London: The International Maritime Organization (IMO) is set to convene from October 14 to 17 to make a landmark decision on imposing a carbon emissions levy on the global shipping sector, a move that has intensified tensions between the United States and an EU-led coalition that includes Britain, China, and Japan.

The proposed measure, initially agreed upon in a preliminary deal in April, targets vessels exceeding 5,000 gross tons that surpass prescribed emissions thresholds. Ships exceeding these limits would be required to purchase remedial units or pay penalties, while cleaner vessels could earn surplus credits. Revenue from the initiative would be channeled into a newly established IMO Net-Zero Fund, designed to support the maritime transition to greener fuels and technologies. Ear

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