IMO agrees on possible draft outline of an IMO net-zero framework

At the 81^st session of the Marine Environment Protection Committee (MEPC), the International Maritime Organization (IMO) agreed on a possible draft outline of a net zero framework for cutting greenhouse gas emissions (GHG) featuring a phased marine fuel standard  to regulate GHG intensity and a pricing mechanism to incentivise the transition.

According to the IMO, this decision is a step towards adopting mid-term GHG measures, aiming to achieve the targets contained in the 2023 IMO strategy on the reduction of GHG emissions from ships.

The draft outline illustration of a possible IMO net-zero framework lists regulations under the International Convention for the Prevention of Pollution from Ships (MARPOL) which will be adopted or amended to allow for a new global fuel standard and a new global pricing mechanism for maritime GHG emissions.