Answer: International Maritime Organization (IMO)
Notes: India, along with 62 countries, supported the world’s first global carbon tax on the shipping sector, approved by the International Maritime Organisation (IMO) in London. The International Maritime Organization (IMO) is the global body that adopted the first global carbon tax on the shipping industry. A Carbon Tax is a type of environmental tax charged on the carbon content in fossil fuels like coal, oil, and gas. It aims to cut greenhouse gas (GHG) emissions by making pollution more expensive and promoting clean energy alternatives. The tax is calculated based on the amount of carbon dioxide (CO₂) or other GHGs released. It encourages a market-based climate solution, making industries shift to greener practices.
