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Story summary
- The International Maritime Organization (IMO) postponed a decision on a global carbon pricing mechanism.
- The United States, backed by Russia and Saudi Arabia, pressed for the delay as 57 nations voted for and 49 against.
- This move follows an April agreement to curb emissions by fees on high-emission fuels.
- The IMO will reconvene in a year to reconsider the proposal.
- Critics from small developing nations expressed frustration at the delay.
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