GLOBAL DECARBONISATION
Positivity and pushback The IMO’ s framework has support. In January 2025, a joint submission to the IMO from 47 governments, including Greece, Japan, Korea and the UK, supported a greenhouse gas emissions pricing mechanism for international shipping.
In September, the Getting to Zero Coalition, with members including Iberdrola, BP, Unilever and Citigroup, issued a statement that says:“ It is crucial that constructive negotiations continue and that negotiators agree on guidelines for implementation that can deliver on the IMO’ s strategy. The foundation for success is there if the political will to adopt the framework in October and refine it over time remains firm.
“ Within the industry, the work on the transition has begun. New vessels that can use alternative fuels are being ordered, and the supply chain for alternative fuels has recognised the shipping sector as an important new customer. In our view, a failure to adopt the framework risks significant negative consequences for this momentum.”
108 October 2025