Leading international maritime associations and organisations reiterate our strong support for adoption by the world’s governments at the UN International Maritime Organization  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.
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.

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