<h1>Global Shipping Industry Faces First-Ever Carbon Tax to Reduce Emissions and Encourage Cleaner Maritime Fuel Alternatives</h1> India and 62 other countries voted in favor of the first global carbon tax on shipping at the International Maritime Organisation. Starting in 2028, ships must use lower-emission fuels or pay pollution fees. The tax could generate up to USD 40 billion by 2030, but has been criticized for not addressing climate finance needs of developing countries. The mechanism will charge ships based on emission intensity, with pricing applied in stages to gradually penalize fossil fuel use.