Liberia Proposes Revised Net Zero Emissions Plan to IMO Amid U.S. Opposition
Liberia, with the support of Argentina and Panama, is set to present a revised emissions proposal to the International Maritime Organization's (IMO) Marine Environmental Protection Committee. This proposal comes after a previous framework failed to gain consensus last year, largely due to opposition led by the United States. The new proposal removes the controversial IMO fund, which was intended to collect fines from non-compliant ships, a measure seen as punitive by some member states. Instead, the focus has shifted towards incentives for adopting cleaner fuels and technologies, such as onboard carbon capture and wind-assisted propulsion. The proposal aims to align emission reduction targets with the availability of new fuels and technologies, setting targets on a five-year cycle to allow shipowners to plan fleet changes cost-effectively. 
