IMO Delays Net-Zero Framework Decisions, Plans Further Negotiations
The International Maritime Organization (IMO) concluded two weeks of discussions on the Net-Zero Framework (NZF) without reaching a consensus on a specific framework for reducing greenhouse gas emissions. Despite opposition from the United States and other countries, the IMO agreed to continue negotiations, with additional meetings scheduled for September and November. The discussions focused on mid-term measures for emissions reduction, with multiple proposals tabled. The United States, along with Saudi Arabia, Liberia, Panama, and Argentina, played a significant role in advocating for alternative proposals, citing concerns over the economic impact on consumers and businesses. The IMO Secretary-General emphasized the need to rebuild trust and maintain momentum in the negotiations.