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IMO: net-zero framework adoption postponed
Article

The outcome leaves the global shipping industry with a target to achieve net-zero emissions by 2050, but – for now – no detailed pathway to reach those targets. The result also leaves a certainty gap, delaying critical investment in zero or near-zero (ZNZ) fuels and propulsion technologies. Despite the setback, work on finer details and mechanisms to be included in the framework continued this week in London.

Article

One spot per week will be allocated to a vessel registered as dual-fuel and capable of operating on at least one lower-emission fuel, such as ammonia. For the initial phases of the scheme, immediate use of the fuel will not be required, and the Canal Authority “recognize the investment and capacity to operate them once supply becomes available”.