IMO should use additional year to close remaining gaps and ensure an effective global agreement

Recognizing the challenging and complex negotiations at the International Maritime Organization (IMO) this week, the World Shipping Council (WSC) has underlined the importance of using the year ahead to clarify and develop the IMO Net-Zero Framework.

WSC acknowledges the significant efforts of IMO Member States this week, and over many years, to work toward a necessary global agreement.

The 2023 IMO GHG Strategy and industry’s investment trajectory remain aligned toward net-zero by 2050. A globally agreed framework is needed to provide a level playing field to get there.

The liner industry is committed to the goal of net-zero by 2050 and has invested USD 150 billion in ships designed to run on green fuels.

The IMO remains the right place to deliver a global solution. We are committed to continuing work with governments to deliver the necessary regulatory consistency, support renewable fuel production and infrastructure, and keep shipping energy transition on track.