While the latest talks were less fraught than October’s, the International Maritime Organization’s Net-Zero Framework is far from a done deal.
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Global green shipping deal still on course, say advocates | News | Eco-Business | Asia Pacific
Abatify Summary
Nature & Climate Perspective
**The IMO Net-Zero Framework represents a critical pivot point for reducing maritime atmospheric pollutants that accelerate ocean acidification and disrupt Blue Carbon sequestration cycles. **
- Reduction in sulfur and nitrogen oxide emissions from global shipping is essential to preserve the health of coastal LULUCF ecosystems and fragile coral reefs.
- Transitioning to zero-emission fuels reduces the risk of heavy fuel oil spills, ensuring the long-term biological stability of marine protected areas and high-seas biodiversity.
- Decarbonizing the global fleet directly supports the integrity of ocean-based carbon sinks by mitigating the rise in sea surface temperatures and associated marine heatwaves.
Market & Policy Outlook
**The ongoing negotiations for a global maritime carbon levy and fuel standard will redefine Scope 3 compliance costs and accelerate the demand for high-integrity credits aligned with ICVCM Core Carbon Principles. **
- The proposed carbon pricing mechanism under the IMO could serve as a precursor to global sector-specific taxes, potentially integrating with Article 6.4 to fund climate adaptation in Global South ports.
- Corporate compliance with SBTi maritime guidance will require shippers to shift from voluntary avoidance credits to high-permanence removals to maintain Net-Zero alignment.
- Regulatory certainty regarding fuel standards will drive massive financial liquidity into green hydrogen and ammonia infrastructure, impacting the valuation of I-RECs used for shore-side power.
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