Global shipping industry reaffirms support for the IMO Net Zero Framework

Leading international maritime associations and organisations have reiterated their strong support for adoption by the world’s governments at IMO of the ‘Net-Zero Framework’ at the critical Extraordinary Session of the IMO Marine Environment Protection Committee next week (14- 17 October).

The global industry remains fully committed to working collaboratively with IMO Member States to implement successfully this carefully balanced regulatory package for achieving net zero GHG emissions by or close to 2050, with necessary incentives to de-risk investment in new green marine fuels to accelerate the total decarbonisation of international shipping and to implement a just transition for the maritime workforce.

Only global rules will decarbonise a global industry. Without the Framework, shipping would risk a growing patchwork of unilateral regulations, increasing costs without effectively contributing to decarbonisation, says the statement signed by the Asian Shipowners’ Association (ASA), European Shipowners I ECSA, IAPH, IBIA, ICS, ITF and World Shipping Council

“With the support of the industry, this is a unique and historic opportunity for governments to put in place a comprehensive global framework, which will be strictly enforced worldwide, to incentivise the shipping industry’s transition to net zero emissions whilst ensuring a level playing field,” says the statement.

“The maritime transport sector, which moves 90% of global trade, is ready to play its important part in delivering a sustainable future.”