World Business Report COP30: Amid protests, a call for a global carbon tax
Nov 12, 2025
Arsenault Dominguez, Secretary-General of the International Maritime Organization, discusses his push for a global carbon levy in shipping despite facing opposition from major players like the US and Saudi Arabia. Ross Mould, Investment Director at AJ Bell, explores the International Energy Agency's predictions for ongoing oil demand and its impact on energy markets. Elena Panaritis, an economist, sheds light on the political turmoil behind Greek farmers' protests, driven by rising costs and delayed subsidies.
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Shipping Carbon Levy Under Negotiation
- The IMO is still pushing for a global carbon levy for shipping despite opposition and a postponed adoption.
- Arsenault Dominguez says work continues through analysis and engagement to meet the 2050 decarbonisation goal.
Well-To-Wake Emissions Accounting
- IMO will calculate fuel emissions for shipping from well to wake to ensure true sustainability.
- Dominguez warns shipping cannot decarbonise alone and cross-sector cooperation is required.
Respond To Criticism With Analysis
- Analyse comments from the October session and provide additional analysis where required.
- Continue engagement and take necessary steps to progress negotiations equitably.