<h1>Global shipping greenhouse gas fee imposed, paired with a marine fuel standard to finance decarbonisation and support vulnerable states.</h1> A multilateral agreement imposes a global fee on greenhouse gas emissions from ships above specified thresholds, channels revenue into a fund to finance fuels, technologies and support for developing and vulnerable countries, and pairs the pricing mechanism with a marine fuel standard. The framework is a negotiated compromise between a per ton levy and credit trading, phases in stricter thresholds over time to pursue net zero goals, and enables emissions control areas with tighter fuel and engine requirements.