What a shame that something sank the global carbon tax...
Daily Caller (11/17/25) op-ed: "Unelected regulators and bureaucrats from the United Nations have pushed for crushing the global economy in the name of saving the planet. In October, the International Maritime Organization (IMO), a specialized agency within the U.N., proposed a carbon tax in order to slash the emissions of shipping vessels. This comes after the IMO’s April 2025 decision to adopt net-zero standards for global shipping. Had the IMO agreed to the regulation, it would have been the first global tax on greenhouse gas emissions. Thankfully, the United States was able to effectively shut down those proposals; however, while these regulations have been temporarily halted, the erroneous ideas behind them continue to grow in support...In an ironic twist, imposing carbon taxes on global shipping might actually be one of the worst ways to slash emissions, given the enormous gains from trade. Simply put, trade makes the world grow rich. Not just wealthy nations like those in the West, but every nation, even the most poor, grows richer. In wealthy countries, trade can help address climate change by enabling adaptation and innovation. For poorer countries, material gains from trade can help prevent their populations from starving and also help them advance along the environmental Kuznets curve."
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"From the political scene to the continued growth of hydrocarbon energy, the global climate consensus and the push for Net Zero is crumbling. It’s time for nations to return to sensible energy policy."
– Steve Goreham
,The Heartland Institute
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