IMO makes steady progress on the Net Zero Framework, with large majority continuing to back GHG pricing and centralised fund to support shipping’s transition

The IMO’s 22nd Intersessional Working Group on GHG emissions has concluded with significant majority of member states (two thirds of those who took the floor) supporting a centralised system for collecting revenues, operationalized through a GHG price (RU price), and disbursing it for rewards for early adopters and supporting a just and equitable transition. The …

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