Shipping companies will have to pay for the carbon dioxide produced by their vessels for the first time under new rules agreed by the world’s maritime watchdog. The regulations agreed on Friday fall far short of the levy on CO2 that poor countries were hoping for, which would have funded their efforts to combat the climate crisis. Saudi Arabia, Russia, United Arab Emirates and several other petrostates opposed the rules, but a majority of countries meeting at the International Maritime Organisation (IMO) in London approved a compromise deal that will mean all ships must pay for the CO2 they emit
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