News and Events

IMO Delays Global Net-Zero Shipping Rules

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The International Maritime Organization (IMO) opened this week’s Marine Environment Protection Committee (MEPC) meeting in London with discussions centered on its new Net-Zero Framework (NZF). The initiative, supported by the European Union and major shipping stakeholders, outlines a path toward achieving net-zero emissions by 2050, including the introduction of mandatory fuel standards and a carbon pricing mechanism starting in 2027.

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However, momentum for the framework slowed after the United States warned of possible sanctions against nations endorsing the plan, citing potential impacts on its national interests. As a result, IMO members decided to delay the official adoption of the NZF until October 2026. Further consultations with Member States are scheduled to continue next week during the ISWG-GHG 20 session.