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  • Disappointment as US Blocks Decision on Shipping Carbon Price

    Disappointment as US Blocks Decision on Shipping Carbon Price

    Under intense lobbying, pressure and threats from US officials, delegates to the International Maritime Organization last month delayed the carbon price decision by a year.

    By Michael Ethan Gold

    The ships that keep global trade afloat face a complex path toward decarbonization. Accounting for roughly 3% of global greenhouse gas emissions, the maritime sector needs a bold strategy to reach net zero – a reality that the International Maritime Organization (IMO) appeared set to acknowledge with the introduction of a carbon pricing framework, the first-ever for the sector. As a vote to approve the framework inched closer last month, climate advocates were cautiously optimistic that it would set a new milestone for the industry.

    They did not account for intervention of the climate-denying Trump administration.

    Under intense lobbying, pressure and threats from US officials, delegates to the IMO ultimately delayed the carbon price decision by a year. The vote, 57 to 49, followed what diplomats described as an unprecedented campaign of bullying tactics by the Trump administration. According to a New York Times investigation, US Secretary of State Marco Rubio personally called officials in small and developing countries, threatening tariffs, visa bans and sanctions if they supported the measure.

    For the maritime community gathered in Barcelona at the Tomorrow.Blue Economy World Congress in early November, the reaction was one of shock and frustration, mixed with determination to press ahead nonetheless.

    “It came to a screeching halt,” said Stewart Sarkozy-Banoczy, CEO of the World Ocean Council, whose members include major shipping lines and port authorities. “We’re disappointed, but cities, ports and corporations now have to step in. We’ve seen this before, when the US walked out of the Paris Agreement. Subnational actors kept the work going.”

    That subnational momentum, from ports, cities and coastal states, has become a lifeline for maritime climate progress, according to Allyson Browne, CEO of the High Ambition Climate Collective.

    “The US is not a monolith,” Browne told Earth.Org in Barcelona. “Individual ports are still pushing ahead. The real work is happening on the ground.”

    Browne emphasized, however, that local initiatives cannot replace an international framework. “Shipping is inherently international,” she said. “Without standardized rules and a collective fund for a just and equitable transition, we’ll get a patchwork of policies that makes it harder for developing nations to keep up.”

    The tension between global ambition and fractured national politics has long defined shipping’s struggle to decarbonize. London-based IMO is a UN agency founded in 1948 to improve maritime safety after the Titanic disaster. It began addressing climate change in the 2010s, with a set of mandatory measures to improve energy efficiency. While a 2018 commitment to cut shipping’s emissions by at least 50% by 2050 earned plaudits, it was only with the proposed carbon price that the body made concrete moves toward decarbonization.

    Under the plan, ships would pay fees as high as $380 per tonne of CO2 equivalent for emissions above set thresholds, with the revenues supporting green innovation and climate adaptation in Small Island and Developing States.

    It had the makings of “excellent regulation,” Tristan Smith, Professor at University College London focused on the decarbonization of international shipping, said on the Cleaning Up podcast. Smith called the US pressure campaign “an appalling deployment of pressure” and believes the move reflected a gross distortion of the normal rules of international diplomacy, to the extent that long-held principles became all but meaningless. “It felt apocalyptic,” he said.

    Panelists at the Barcelona summit agreed that while the delay was political, it should not derail progress. Hector Calls, Director of Environmental Sustainability and Energy Transition at the Port of Barcelona, called it “disappointing, but not a stop. We’ll keep the course, because clarity and regulation are good for the sector.”

    Patrik Benrick, Head of Strategic Development and Innovation at the Port of Gothenburg, echoed Calls’s sentiment: “Better to postpone and keep working than to get a rejection. The risk is that others lose courage, so the EU must stay firm and show leadership.”

    Despite the setback, green shipping remains a growing trend. Global shipping giant Maersk sails methanol-powered vessels, and several ports, from Los Angeles to Singapore, are building green corridors to support zero-emission trade routes. Browne said such examples can help build the confidence of member states to resist continued US pressure ahead of next year’s postponed vote. Whether that will be enough to garner majority support remains uncertain, but for many in the maritime community, retreat is not an option.

    “We know what our goals are and we need to meet them,” said Sarkozy-Banoczy. “Ports and shipping lines are moving towards greener fuels. I’m hopeful that’s the direction.”

    Featured image: International Maritime Organization/Flickr.

    About the author: Michael Ethan Gold is a climate and energy communications strategist, helping innovators and mission-driven organizations craft stories that earn trust and mobilize change. Drawing on a background that spans journalism, thought leadership and messaging strategy, he specializes in turning complex science and systems thinking into resonant narratives. He was previously a Taiwan correspondent at Reuters and managing editor at The Economist Intelligence Unit, based in Hong Kong and San Francisco. He is now based in Barcelona and speaks English, Mandarin and Spanish.

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  • The Stunning New Push to Protect the Invisible 99% of Life – SciTechDaily

    1. The Stunning New Push to Protect the Invisible 99% of Life  SciTechDaily
    2. Why saving microbes may be the most important conservation effort ever  ScienceDaily
    3. The race is on to save microbial life  Digital Journal
    4. New Coalition Launched to Safeguard…

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  • Chief justice reviews progress on judicial reforms

    Chief justice reviews progress on judicial reforms

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    Chief Justice of Pakistan Yahya Afridi speaks at a conference at the Federal Judicial Academy in Islamabad on July 25, 2025. SCREENGRAB


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  • Alleged AI chip smuggling to China leads to US calls for chip tracking – Reuters

    1. Alleged AI chip smuggling to China leads to US calls for chip tracking  Reuters
    2. Feds charge 4 in plot to export restricted Nvidia chips to China, Hong Kong  CNBC
    3. Justice Department charges 4 men in U.S. in scheme to export AI chips to China  CBS News
    4. Two Americans, 2 Chinese nationals accused of illegally exporting Nvidia GPUs to China  Fox Business
    5. US companies are still targets of China espionage, court developments show  Yahoo

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  • SoftBank plunges over 10% as Asia markets track Wall Street’s stunning reversal in AI stocks

    SoftBank plunges over 10% as Asia markets track Wall Street’s stunning reversal in AI stocks

    A woman uses her mobile phone as she walks past the logo of Japan’s telecommunications giant SoftBank in Tokyo on December 25, 2013.

    Toru Yamanaka | Afp | Getty Images

    Tech conglomerate SoftBank plunged more than 10% Friday amid losses across the region, after U.S. tech stocks lost ground and investors’ hopes dimmed of a December rate cut by the Federal Reserve.

    Japan’s Nikkei 225 tumbled 1.57% at the open, while the Topix index lost 0.72%. Other tech stocks on the index fell, with Advantest losing more than 9%, Tokyo Electron retreating nearly 6%, Lasertec falling nearly 5%, and Renesas Electron down 1.95%.

    Japan’s core inflation in October rose at its sharpest rate since July, in line with market estimates on Friday, supporting the case for interest rate hikes by the Bank of Japan.

    South Korea’s Kospi index plunged 4.09%, and the small-cap Kosdaq retreated 3.01%. Kospi’s heavyweights Samsung Electronics and SK Hynix tumbled as much as 4% and 9%, respectively.

    Australia’s S&P/ASX 200 fell 1.3%.

    Hong Kong Hang Seng index futures were at 25,460, lower than the HSI’s last close of 25,835.57.

    Overnight in the U.S., Oracle and AMD were among the first AI plays to fall into the red on the session, followed by Nvidia, which reversed gains and closed nearly 3% lower.

    Stronger-than-expected U.S. jobs data renewed doubts about whether the central bank will lower its benchmark overnight rate. Traders were pricing roughly a 40% chance of a quarter-point cut next month, according to the CME FedWatch Tool, a setback for investors hoping for lower borrowing costs.

    On Thursday stateside, the Nasdaq Composite fell 2.16%, down from a 2.6% advance at one point in the session.

    Other major indexes also slipped, with the Dow Jones Industrial Average down 0.84%. The S&P 500 shed 1.56%, despite rising as much as 1.9% earlier in the day.

    —CNBC’s Liz Napolitano, Pia Singh, and Alex Harring contributed to this report.

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  • Japan’s core inflation in October rises to a 3-month high, supporting the case for rate hikes

    Japan’s core inflation in October rises to a 3-month high, supporting the case for rate hikes

    Customers check out vegetables and other groceries at a supermarket in Tokyo on June 20, 2025.

    Kazuhiro Nogi | Afp | Getty Images

    Japan’s core inflation in October rose at its sharpest rate since July, in line with market estimates on Friday, supporting the case for interest rate hikes by the Bank of Japan.

    Core inflation, which strips out prices of fresh food, came in at 3% as expected by economists polled by Reuters.

    The headline inflation rate rose to 3%, marking the the 43rd month in a row that it has run above the BOJ’s 2% target.

    The so-called “core-core” inflation rate, which strips out prices of fresh food and energy, crept up to at 3.1%, compared to 3% in September.

    The data comes as BOJ governor Kazuo Ueda reportedly had his first bilateral meeting with newly elected Prime Minister Sanae Takaichi earlier this week.

    During the meeting, Ueda told Takaichi the central bank was “gradually raising interest rates to guide inflation smoothly towards its 2% target and ensure the economy achieves sustainable growth,” Reuters reported.

    Takaichi has been an advocate of loose monetary policy, and had said on Nov. 12 to the country’s parliament that she hopes that the BOJ “conducts policy appropriately” so that the 2% inflation target is achieved by wage gains instead of cost-push factors.

    “The type of inflation we’re seeing now is not good,” Takaichi reportedly said. The BOJ governor also said that Takaichi did not make any request related to monetary policy.

    The central bank is currently caught between a rock and a hard place, with inflation running above target and GDP growth figures weakening as Japan takes a hit from U.S. tariffs.

    Japan’s GDP in the three months to September contracted for the first time in six quarters, falling 0.4% sequentially, and dipping 1.8% on an annualized basis

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  • Riyadh Season Snooker: Judd Trump beats Mark Williams after ending cue ‘experiment’

    Riyadh Season Snooker: Judd Trump beats Mark Williams after ending cue ‘experiment’

    World number one Judd Trump swept to a 4-0 win over an out-of-sorts Mark Williams in just 48 minutes to reach the semi-finals of the Riyadh Season Snooker Championship.

    Trump, who is yet to win a title this term, reverted back to an old cue and…

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  • Spiceworks Community Digest: Knowledge sharing

    Spiceworks Community Digest: Knowledge sharing

    The struggle to capture and share troubleshooting knowledge is universal, impacting small IT teams to large enterprises alike. Critical fixes and undocumented “hacks” often sit in people’s heads, old chat logs, or scattered files,…

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  • Gold Steadies After US Jobs Data Damp Prospects for Rate Cut – Bloomberg.com

    1. Gold Steadies After US Jobs Data Damp Prospects for Rate Cut  Bloomberg.com
    2. Gold falls as strong US jobs data dims prospects for December rate cut  Reuters
    3. Gold prices steady after payrolls data; Dec rate cut bets in focus  Investing.com
    4. Gold resilient despite dollar rally while Fed signals uncertainty over December rate decision  KITCO
    5. Gold tanks to $4,061 as blowout NFP and hawkish Fed spark mass exit from havens  FXStreet

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