Ahead of a crucial vote at the IMO, billionaire Andrew Forrest criticized alleged “intimidatory tactics” affecting delegates’ integrity. He pledged support for those facing coercion, stressing the need for justice. Despite these concerns, the Marine Environment Protection Committee postponed discussions on the Net-Zero Framework for a year, disappointing industry leaders.
Twenty leading green fuel producers are urging the International Maritime Organization (IMO) to embrace the Net Zero Framework (NZF) for sustainable shipping. At a crucial meeting in London, they advocate for incentives for green e-fuels, which could significantly reduce emissions but currently face competition from cheaper, less sustainable options.
The United States has warned of potential visa restrictions and sanctions against countries supporting a UN proposal to reduce greenhouse gas emissions from ocean shipping. As the International Maritime Organization prepares to vote on the Net-Zero Framework, U.S. officials express concerns over economic risks and unauthorized global taxation.
The “IMO Net-Zero Framework” outlines a dual strategy for the shipping industry, focusing on a global fuel standard and emission pricing. With urgent calls for investment in technology and alternative fuels, it mandates that international ships evolve their practices over time, emphasizing the need for upskilling the maritime workforce by 2030.
Ship managers are expressing concerns about the International Maritime Organization’s net-zero framework and are proposing changes to improve its effectiveness. InterManager, representing the global ship management sector, has submitted a proposal to the IMO’s Marine Environment Protection Committee (MEPC83) for necessary modifications. The submission highlights the potential financial implications of holding ship managers accountable.
