Regulation: Nervous wait for the IMO to adopt carbon pricing
- The lifecycle assessment guidelines and design of the reward for green fuels are the next biggest questions
- Biofuel rush a risk, low early penalties will delay green investments
- Risk of investing in zero-carbon fuels more on producers than shipowners
The IMO’s new net zero framework is set for formal adoption in October. The regulator still has much work to complete to make the complicated scheme work