IMO needs a ‘clear plan’ for spending carbon tax funds
- Dedicated monitoring committee needed to watch how revenues are spent, UK and Mexico argue
- Net-Zero Framework’s draft work plan should be revised to include transparent revenue distribution mechanism
- States have raised concerns about funds piling up, with details of framework still unclear
The UK and Mexico say the IMO needs a ‘clear plan for disbursing funds’ or its Net-Zero Fund will miss out on its ‘transformative potential’ to decarbonise shipping
