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IMO Strikes Deal on Fuel Emissions, Carbon Fees

Countries in the United Nations’ International Maritime Organization struck a deal April 11 in London on a global fuel emission standard for the maritime sector that will wield a stick against violators and a carrot for vessels burning cleaner fuels, Reuters reported. A majority of countries approved the carbon-curbing measures to help meet the IMO's target to cut net emissions from international shipping by 20 percent by 2030 and eliminate them ... [+]