The U.S. Chamber of Commerce has expressed its disapproval of a proposed global shipping carbon fee by the United Nations' International Maritime Organization (IMO). The Chamber highlighted economic and procedural issues as reasons for their stance.
Marty Durbin, Senior Vice President for Policy and President of the Chamber's Global Energy Institute, said, "The U.S. Chamber of Commerce strongly opposes the International Maritime Organization’s proposed global shipping carbon fee, as it would impose billions of dollars in new compliance and fuel costs that ripple through every sector of the economy and raise prices for consumers." He added that such a unilateral global tax could distort markets and deter investment in cleaner shipping technologies. Durbin also pointed out concerns about the process, noting that many member countries did not support the measure affirmatively.
Durbin commended the Trump Administration for its resistance to this proposal and called on international regulators to consider technology-neutral, market-based solutions that enhance global commerce rather than hinder it.
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