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UN Backs Global Carbon Pricing Scheme For Shipping Industry

Published

5 months ago

April 17, 2025

In a landmark move, the United Nations’ International Maritime Organization (IMO) has agreed on a global carbon pricing mechanism for the shipping industry, marking a significant step toward tackling emissions from one of the world’s most polluting sectors.

The policy, expected to be formally adopted in October 2025, is projected to generate between $30–40 billion in revenues by 2030—roughly $10 billion annually. These funds will be ringfenced exclusively for decarbonising maritime transport, rather than contributing to broader climate finance for developing nations.

While hailed as a major breakthrough, the agreement is expected to deliver only a 10% absolute emissions reduction in the shipping sector by 2030—well below the IMO’s own revised strategy from 2023, which calls for at least a 20% reduction by the same year, and a stretch goal of 30%.

From 2028, vessels will either have to adopt lower-carbon fuel mixes or pay for excess emissions. Ships continuing to use conventional fossil fuels will face a charge of $380 per tonne for the most carbon-intensive portion of their emissions, and $100 per tonne for the remainder above a set threshold.

The agreement, supported by 63 countries—including Brazil, China, the EU, South Africa, Kenya, Senegal, and Namibia—sets a global precedent. However, the policy faced strong opposition from oil-rich nations including Saudi Arabia, the UAE, Russia, and Venezuela, who challenged both the substance and process of the deal. Despite the resistance, a compromise proposal championed by Norway, which chaired the negotiations, passed in the final vote.

Notably, the United States delegation was absent during the vote, having earlier circulated a proposal urging countries to withdraw from negotiations—a move that drew criticism from multiple quarters.

A bloc of over 60 nations, led by Pacific Island states, had advocated for the revenue to support broader climate resilience efforts in vulnerable nations. Speaking on behalf of the Pacific, Tuvalu expressed frustration at the lack of transparency and inclusion in the talks, warning that the new plan may fail to incentivise cleaner fuel adoption effectively.

While the agreement allows initial use of fossil-based liquefied natural gas (LNG), the pricing mechanism is designed to gradually penalise such fuels over time.

Minister Antony Derjacques of the Seychelles criticised the limited ambition of the deal.

He said, “The developing countries with the greatest need came here and offered a solution. How can the other major economies ask us to take a weak deal home to our people, who are suffering as a result of the climate crisis?”

Maria Ogbugo of the African Future Policies Hub viewed the outcome more positively.

She said, “The best possible outcome was achieved. African delegations, including Kenya, Namibia, Senegal, and South Africa, must be commended. The shipping industry has taken the lead in showing that climate action is possible—even for hard-to-abate sectors.”

The Executive Director at the same organisation, Faten Aggad added “Reaching consensus on decarbonisation measures was never going to be easy. Yet the result still puts a price on emissions, which is a crucial starting point—especially for vulnerable economies.”

The maritime advisor at the Micronesian Centre for Sustainable Transport, Eldine Glees, highlighted the link between climate levies and sustainable development.

The advisor said, “Several African delegations showed exemplary leadership by tying the levy to food security, resilience, and equitable revenue distribution. Maintaining unity will be vital as implementation begins.”

The CEO of the European Climate Foundation and a key architect of the Paris Agreement, Laurence Tubiana, said the agreement was a step forward but not enough.

The CEO said, “The lack of a broader shipping levy is a missed opportunity. The world needs more cooperation, and progressive partners can still push for breakthroughs in climate finance.”

Vanuatu’s Climate Change Minister Ralph Regenvanu said, “Let us be clear about who has abandoned 1.5°C. Saudi Arabia, the US, and other fossil fuel allies blocked progress at every turn. This was a chance to fund climate-vulnerable nations. It was lost.”

Ambassador Albon Ishoda of the Marshall Islands concluded with a note of resilience.

Headline

PHOTOS: Xi, Putin, Kim At Beijing Parade As China Flaunts Military Might

Published

5 hours ago

September 4, 2025

Editor

In a spectacle of military might, China commemorated the 80th anniversary of Japan’s surrender in World War II with a grand parade on Wednesday, leaving observers worldwide questioning the balance of global power.

Chinese President Xi Jinping, flanked by Russia’s Vladimir Putin and North Korean leader Kim Jong Un, oversaw the event at Tiananmen Square in Beijing.

The event showcased an array of cutting-edge weapons, including nuclear, artificial intelligence-powered, laser, and robotic weapons, that highlighted China’s rapid advancements in defence technology, a development heavily scrutinised by Western defence officials, according to the BBC.

The parade, dubbed Victory Day, featured over 10,000 troops, hundreds of vehicles, and aircraft flyovers, drawing at least 50,000 spectators and leaders from more than 25 nations, including allies like Iran.

But BBC reported it was notably boycotted by Western countries. According to Al Jazeera, only two European leaders, Slovak Prime Minister Robert Fico and Serbian President Aleksandar Vucic, were present.

Xi’s address emphasised China’s “unstoppable” rise and that “the Chinese nation is never intimidated by any bullies and always forges ahead.”

He insisted the country “should stay firmly on the path of socialism with Chinese characteristics.”

China unveils new weapons even Trump can’t overlook

Central to the parade was the unveiling of groundbreaking weapons systems that tell China’s leap in military strength.

Beijing’s power is not just in its numbers, backed by its huge economy, but also by increasing innovation and self-reliance.

Its hypersonic glide and cruise missiles, for example—weapons that travel at above Mach 5—are largely unmatched by anything the US or its allies have in their arsenal.

Its J20 ‘Mighty Dragon’ fighter jet employs 5th generation stealth technology, while its LY-1 directed-energy laser system (DEW), mounted on an eight-wheeled truck and described as the “world’s most powerful” for intercepting missiles and drones.

The JL-1 air-launched ballistic missile also made its first appearance, alongside giant underwater submarine drones, drone boats, unmanned helicopters, and multiple new unmanned aerial vehicles.

Trump, who was notably missing from the grand parade, berated Xi in a post on Truth Social on Wednesday for not recognising US’s contribution to China’s emancipation.

“The big question to be answered is whether or not President Xi of China will mention the massive amount of support and ‘blood’ that the United States of America gave to China to help it to secure its FREEDOM from a very unfriendly foreign invader,” Trump posted.

“Many Americans died in China’s quest for Victory and Glory. I hope that they are rightfully Honoured and Remembered for their Bravery and Sacrifice!”

Trump also criticised Putin and Kim for conspiring against his country.

“Please give my warmest regards to Vladimir Putin and Kim Jong Un, as you conspire against the United States of America.

“May President Xi and the wonderful people of China have a great and lasting day of celebration.”

World’s mightiest arsenal: US or China?

Observers view the parade as a direct message to Washington, especially amid trade disputes and regional flashpoints in regions like Taiwan and the South China Sea.

An analyst, famously known as Trademan on X, said on Wednesday, “While the West debates, Beijing fires photons,” adding that the event is a message that China isn’t just playing catch-up but rewriting the rules of engagement.

However, experts believe that while China is fast catching up, the US still maintains an edge in terms of operations.

Speaking with BBC, assistant professor in the military transformations programme at the Nanyang Technological University of Singapore, Michael Raska, argued the US military has a culture that gives more leeway for units on the ground to make decisions and innovate, “whereas China is top-down.”

“You can have flashy platforms and systems, but they will not move a finger until they receive an order from the top.”

“The US military excels because there’s a bottom-up mission type of culture, where units can make decisions as the situation evolves,” he said.

Headline

Xi, Putin Discuss Immortality, Organ Transplants At Beijing Parade

Published

5 hours ago

September 4, 2025

Editor

Chinese President Xi Jinping and Russian President Vladimir Putin discussed life-prolonging organ transplants and immortality as they conversed before Beijing’s massive military parade this week, according to comments picked up by state media microphones.

Historic images showed Xi shaking hands and speaking with Putin and North Korean leader Kim Jong Un as they walked down a red carpet by Tiananmen Square, in scenes viewed as a challenge to US President Donald Trump.

“These days… 70 years old,” Xi said in Mandarin as he walked beside Putin and Kim, footage from state broadcaster CCTV showed.

Xi’s translator, conveying his remarks to Putin, is then heard in Russian quoting a line from a Tang dynasty poem: “In the past, it used to be rare for someone to be older than 70 and these days they say that at 70 one’s still a child.”

Putin then turned towards Xi, speaking while gesturing with his hands, though this is inaudible on the CCTV feed.

The same Chinese translator then relayed Putin’s remarks to Xi.

“With the… development of biotechnology, human organs can be continuously transplanted, people could get younger as they grow older, and may even become immortal,” Putin said, according to the translator.

Xi then spoke again in Mandarin as the camera cut away: “Predictions are, in this century, it may be… possible to live to 150 years old.”

Putin confirmed the exchange during a press briefing on Wednesday.

“Ah, I think it was when we were going to the parade that the Chairman spoke about this,” he told reporters, referring to Xi.

“Modern means — both health improvement and medical means, and then even all kinds of surgical ones related to organ replacement — allow humanity to hope that active life will continue not as it does today,” Putin added.

The Chinese and Russian leaders, both 72, have not expressed any intention of stepping down.

While Xi’s predecessors, Jiang Zemin and Hu Jintao, relinquished power after 10 years in office, he abolished term limits in 2018, and in 2023, he was handed a third term as Chinese president.

AFP

Headline

US Commits $32.5m To Support Food Security In Nigeria

Published

21 hours ago

September 3, 2025

Editor

The United States Government has committed $32.5m to the United Nations World Food Programme to support food and nutrition assistance for hundreds of thousands of people affected by conflict in Nigeria.

According to a statement released by the US Embassy in Abuja on Wednesday, the funding will enable WFP Nigeria to reach approximately 764,205 vulnerable individuals in the Northeast and Northwest regions of the country.

These areas have been severely impacted by ongoing insecurity and displacement, with millions struggling to access necessities.

The assistance package includes general food distributions as well as targeted nutritional support.

Among the beneficiaries are 41,569 pregnant and breastfeeding women and girls, and 43,235 children who will receive specialised nutrition support through electronic food vouchers, according to the statement.

“World Food Program Nigeria, with US Government’s contribution of $32.5m, will provide food assistance and nutrition support to internally displaced persons across conflict-affected areas.

“With the US Government’s donation, the World Food Programme Nigeria will provide food and nutrition assistance to 764,205 beneficiaries across Northeast and Northwest Nigeria.

“This includes complementary nutrition top-ups for 41,569 pregnant and breastfeeding women and girls and 43,235 children through electronic food vouchers,” the statement read.

On December 18, 2024, PUNCH Online reported that the United States Agency for International Development has denounced recent media reports misrepresenting US agricultural initiatives in Nigeria, stating that its programmes operate transparently and align with the country’s laws.

In a statement issued by the US Mission in Nigeria, USAID highlighted the significant achievements of its agricultural collaboration with Nigeria, which it claimed has supported over five million Nigerian farmers since 2019.

The agency maintained it has boosted food production and strengthened rural economies across the country through its efforts.