IMO's Net-Zero Strategy For Global Shipping Starts With Pricing Carbon But It's Not Perfect

2025-04-17 02:45:00 ET

Summary

• The IMO’s new net-zero framework for shipping is a starting point, not an end-stage.
• The package introduces carbon pricing for greenhouse gas emissions above a downward-sloping target level and redirects the revenues for greening.
• This pushes shipping companies to act, but it won’t be enough.

By Rico Luman

The IMO has adopted a framework that puts a price on carbon exceeding target levels

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