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Trump Administration Rejects Global Carbon Price Amid Shipping Investment Surge

2/13/2026

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Summary

Story summary

The U.S. President Donald Trump’s administration opposes a global carbon price.
The shipping industry has invested over $150 billion in dual-fuel vessels, delivering or ordering 1,126 ships, a 28% rise from last year.
The International Maritime Organization (IMO) delayed a carbon price.
The EU's FuelEU Maritime initiative and regional schemes are expected to incentivize greener fuels such as LNG, ammonia, and methanol.

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Story summary

The U.S. President Donald Trump’s administration opposes a global carbon price.
The shipping industry has invested over $150 billion in dual-fuel vessels, delivering or ordering 1,126 ships, a 28% rise from last year.
The International Maritime Organization (IMO) delayed a carbon price.
The EU's FuelEU Maritime initiative and regional schemes are expected to incentivize greener fuels such as LNG, ammonia, and methanol.