Marketplace All-in-One U.S. tries to block a global emissions deal for shipping
Oct 17, 2025
A pivotal agreement aimed at cutting carbon emissions from global shipping faces collapse due to U.S. intervention. Concerns over potential consumer price hikes take center stage as the discussion unfolds. Meanwhile, China's Singles' Day kicks off early this year in an attempt to revive sluggish consumer spending. The podcast also dives into the booming tattoo industry, projected to reach $6.5 billion by 2033, featuring insights from artists and trends shaping this vibrant market.
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How The Shipping Emissions Deal Would Work
- A planned global deal would set emissions standards for ships and require increasing use of cleaner fuels over time.
- Noncompliance would trigger fines pooled centrally to fund infrastructure and redistribution.
U.S. Objections Center On Consumer Costs
- The U.S. intervention highlighted concerns that the deal could raise consumer costs, especially for low-value goods like fruit and vegetables.
- That risk was central to Washington's push to oppose the agreement ahead of the planned signing.
Deal Failure Would Undermine Climate Momentum
- If the deal collapses, shipping emissions are likely to continue rising rather than being curtailed.
- That outcome could undermine momentum ahead of COP30 and allow vocal interventions to reverse prior progress.