IMO Net-Zero Framework to fall short of delivering targets

The IMO Marine Environment Protection Committee (MEPC83) approved a Net-Zero Framework in the hope of reaching the climate objectives set in the IMO 2023 GHG Strategy to decarbonise international shipping. Unfortunately, the draft deal will fall short of delivering these targets. The Strategy included intermediate objectives of 20-30% GHG emission reduction by 2030 and 70-80% reduction by 2040, eventually reaching […]