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Carbon tax gets docked; renewable outlook dims

The delay to implementing a global carbon tax on shipping emissions – that was described by President Trump as a “scam tax” – is another example of policymakers backsliding on climate ambitions and it underlines the challenges of global climate cooperation. Meanwhile, the loss of federal support for climate action within the US could be significant enough to slow the renewable rollout at the global level and offset some of the progress that will be made elsewhere.

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