Tag #Global Economic Crisis

How might the new global CO₂ tax on shipping affect international trade and environmental policy?

Growing protectionist measures, particularly in major economies like China and Europe, increase the risk of a global recession, according to the Ifo Institute. The new CO₂ tax aims to curb greenhouse gas emissions from the shipping industry, potentially impacting global trade and shipping costs. Iran and the US' indirect talks signal a renewed effort to de-escalate the nuclear conflict, though a direct meeting remains possible.