Marketplace Morning Report U.S. tries to block a global emissions deal for shipping
Oct 17, 2025
The podcast dives into the jeopardy of a historic global shipping emissions deal, highlighting U.S. objections due to potential consumer costs. It warns of rising emissions if the deal collapses. The discussion shifts to China's Singles' Day, which kicks off early this year amid weak consumption in the economy. Lastly, the global tattoo industry is on the rise, projected to reach $6.5 billion by 2033, with insights from artists on the current state of the business.
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Global Shipping Emissions Framework
- The 10-year agreement would set emission standards for ships and require increasing use of cleaner fuels over time.
- Non-compliant ships would pay fines into a central fund to finance supporting infrastructure for the program.
U.S. Pushback Risks Undermining Progress
- The U.S. intervention highlighted risks that compliance costs could raise prices, especially for low-value goods like fruit and vegetables.
- That intervention shows a major country can block or undo international climate progress ahead of COP30.
Collapse Would Stall Emissions Reductions
- If the deal collapses, shipping emissions are likely to continue rising without coordinated standards.
- That outcome would complicate climate negotiations at the upcoming UN COP30 in Brazil.