IMO makes progress towards net zero framework for international shipping industry

The International Maritime Organization (IMO) has made progress in negotiations towards a set of binding global regulations on its net zero framework, aimed at achieving the greenhouse gas (GHG) reduction objectives set out in the 2023 strategy. 

Member states identified further areas of convergence in their positions during the 82nd session of the IMO’s Marine Environment Protection Committee (MEPC) held from September 30 to October 4 and produced a draft legal text to use as a basis for ongoing talks around proposed “mid-term measures” for GHG reductions to be adopted in 2025. 

The measures, which build on previously adopted “short-term measures”, include a goal-based marine fuel standard that will phase in the mandatory use of fuels with less GHG intensity and a global maritime GHG emissions pricing mechanism.