IMO Postpones Adoption of Net Zero Framework
The International Maritime Organization (IMO) has postponed the adoption of the Net Zero Framework, a plan to phase out fossil fuels from the maritime sector by 2050.
- Introduce a legally binding global carbon price
- Establish a fund for distributing revenues
- Implement a global fuel standard for lifecycle emissions
- Enforce new rules for efficient ship operations
The postponement delays the start of implementation, initially planned for 2028, and slows negotiations on detailed guidelines.
No critical progress is made, pushing back the start of implementation.
Author's summary: IMO delays Net Zero Framework adoption.