The final vote on the adoption of the new Net-Zero Framework is to be deferred for a year.
The International Maritime Organization has announced that it has decided to postpone the Marine Environment Protection Committee (MEPC), extraordinary meeting to adopt the new regulatory framework introducing a global carbon pricing system.
The decision, taken on Friday by the International Maritime Organization with 57 votes in favour, 49 against and 21 abstentions, effectively confirms the stalemate in the IMO.
EU countries voted against the postponement, while Russia, China and the major oil-exporting countries voted in favour.
According to various analysts, the postponement will only prolong current uncertainty, with devastating effects on efforts to achieve NET-ZERO.
However, the IMO has announced that it’s going to continue working on the NZF implementation guidelines. The next meeting on the subject is set to take place over the next few days.
Translation by Giles Foster
