Global Carbon Pricing Debate Intensifies as IMO Approves Framework
NZF includes global carbon levy, IMO Net Zero Fund, and fuel standards for 2050 net-zero target.
Draft regulations enter force in 2027; penalties for large ships start in 2028; annual revenue estimates $11-13 billion.
Approval needs 108 of 176 Marine Pollution Convention Annex VI signatories.
US warns of port bans, fees, and visa restrictions on supporters.
Industry warns delays risk patchwork rules and higher costs.
Seven shipowner groups and Getting to Zero Coalition urge support amid 10% freight cost rise.
3 weeks ago