IMO’s Net‑Zero Framework ‘to raise transport costs by 20% by 2040’
- Rise is within normal range of freight rate volatility and could cut GHG emissions by 35%-55% by 2040
- Panama-Liberia-Argentina’s ‘fossil fuel-only’ proposal would cut emissions by less than 1% a year by 2050
- Pacific Islands’ more ambitious proposal would collect 20 times as much revenue as the NZF
The Maersk Mc-Kinney Moller Centre for Zero Carbon Shipping found the IMO’s Net-Zero Framework would do far more for decarbonisation than an alternative plan suggested by Liberia and Panama