Paris climate summit ends without a deal on global tax on shipping
Associated PressPARIS — Participants at a Paris summit stopped short Friday of a deal to create a tax on greenhouse gas emissions produced from international shipping, leaving climate NGOs and activists lamenting the lack of ambitious responses to fight climate change and the world’s inequalities brought forward at the meeting. The two-day gathering of world leaders and finance bosses ended without a major announcement, though organizers did release a promised “road map” aimed at fulfilling French President Emmanuel Macron’s pledge to assess reforms of the international finance system over the next two years. “By steering closer to private finance sources and tweaking on the edges of existing multilateral development banks, the summit merely dressed the old in new packaging, such as by suggesting ‘debt pauses’ for poor countries hit by disasters rather than full debt cancellation,” Climate Action Network said in a statement. “Silence on the fossil fuel industry paying for the mess they have caused was deafening at this summit,” Tracy Carty, climate politics expert at Greenpeace International, said.
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