From NOT A LOT OF PEOPLE KNOW THAT
By Paul Homewood
h/t Ian Cunningham
Sounds like the grown-ups are back in charge!
A landmark deal to cut global shipping emissions has been abandoned after Saudi Arabia and the US succeeded in ending the talks.
More than 100 countries had gathered in London to approve a deal first agreed in April, which would have seen shipping become the world’s first industry to adopt internationally mandated targets to reduce emissions.
But President Trump had called the plan a “green scam” and representatives of his administration had threatened countries with tariffs if they had voted in favour.
Reflecting the pressure countries faced, the Secretary General of the International Maritime Organisation Arsenio Dominguez issued a “plea” for this not to be repeated.
In a dramatic conclusion on Friday, when countries should have been voting to approve the deal, Saudi Arabia tabled a motion to adjourn the talks for a year.
The chairman said this would mean that the agreement was not approved, as key timelines for the treaty would have to be revised.
The motion passed by just a handful of votes.
https://www.bbc.co.uk/news/articles/c3vnl0yxg53o
If the deal had gone through, it would have simply loaded more cost onto the cost of imports, as there is no cost effective alternative to diesel.
We are already finding out the same thing with aviation sustainable fuel targets.
Virtue signalling politicians at conferences like this cannot change the harsh realities of life, no matter how many resolutions they vote for.
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