Next week the 176 members of the IMO will convene in London to formally adopt the historic agreement on binding climate regulation of the shipping industry agreed upon in April.

Danish Shipping along with six other shipping associations calls for the adoption of the IMO Net-Zero Framework.

“The industry supports the Net-Zero Framework. Binding global regulation is essential for achieving the goal of climate neutral shipping in 2050. We need global regulation and a level playing field. The alternative to the Net-Zero Framework is not zero regulation, as some of the opponents of the agreement may wish for, but rather a complicated  patchwork of regional and national regulations, which is entirely the wrong answer for a global industry,” said Anne H. Steffensen, CEO of Danish Shipping.

The International Chamber of Shipping (ICS) and European Shipowners (ES | ECSA) have also issued declarations of support for the Net-Zero Framework.

“Adoption of the Net-Zero Framework will strengthen the business case for cutting emissions and investing in sustainable energy, fuels, and technology. It will also send the strongest possible signal to investors and producers to scale up the production of the alternative fuels that the shipping industry will require to move towards zero emissions,” said Anne H. Steffensen.

The authors of the joint statement also call upon the EU, which has the most ambitious climate regulation for shipping, to send a clear message of alignment with the IMO NZF when adopted to avoid double payment for shipping emissions and to reduce the regulatory burden.