Poor states unlikely to get much of the IMO’s green fund
- Net Zero Fund to raise about $10bn a year from shipping
- Strategy calls for ‘just and equitable transition’ but what that means in practice is unclear
- NGO says most of the cash could go to wealthy shipping companies instead of poor states in need
Opportunity Green has called for as much of the IMO’s Net Zero Fund as possible to be used in helping poorer countries adapt to climate change, warning this is unlikely to be the case
