Many of the world’s largest shipping nations have agreed to impose a minimum fee on every ton of greenhouse gases emitted by ships above certain thresholds in what's effectively the first global tax on greenhouse gas emissions.

It is aimed at forcing the industry to lower its carbon footprint and not everyone is happy with the deal.Many of the world's largest shipping nations agreed on Friday to what is effectively the first-ever global tax on greenhouse gas emissions for the industry,

Many of the world's largest shipping nations decided Friday to impose a minimum fee of $100 for every ton of greenhouse gases emitted by ships above certain thresholds, in what is effectively the first global tax on greenhouse gas emissions.