The United Nations, through the International Maritime Organization (IMO), is moving quickly toward implementing a global carbon tax on shipping. The plan involves charging companies a fee—potentially $100 to $380 per ton of CO₂ emitted beyond certain limits—with proceeds going to a U.N.-administered climate fund.

This initiative is framed as part of international climate efforts, but it would mark the first time the U.N. imposes a direct global tax, impacting trade and shipping costs worldwide. The structure raises questions about governance and accountability, as funds would be managed outside of national control.

The IMO is expected to vote on the proposal soon, and if adopted, the new tax could take effect as early as 2027. Given the scale and speed of this move, it’s critical for industry stakeholders and governments to engage now—before these changes become irreversible.

If you had to describe this "progressive policy" by the U.N. using only one word, what would it be? Share your answers below. ⬇️

Link to article: https://www.wsj.com/opinion/united-nations-shipping-tax-climate-international-maritime-organization-e2f418c0