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Decarbonisation Sustainability Environment

Japan proposes taking net zero out of IMO Net-Zero Framework

  • Easier GHG reduction targets for 2028-35, no mandatory payments
  • Late submission raises procedural questions about how far the plan could get
  • Getting rid of carbon payments would strip funding from ZNZ fuels investment and compensating poor countries

  • News

Japan has added a late IMO plan into the mix, stripping the NZF of its mandatory carbon price and Net-Zero Fund, and suggesting shipowners pay voluntary donations for worthy green projects

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