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Story summary
- U.S. President Donald Trump, backed by Saudi Arabia, helped derail the vote on a global carbon fee for shipping.
- Delegates at the International Maritime Organization (IMO) in London postponed adoption of the carbon-fee framework by one year.
- The framework would charge ships a fee for each ton of greenhouse gases emitted above set limits.
- Revenue from the fee would go to an IMO fund for green fuels and technology.
