Your Guide to the IMO Net-Zero Framework
Join LR's experts from Regulatory Affairs and Advisory teams as they break down the critical developments from IMO MEPC ES.2 related to the IMO Net-Zero Framework and what they mean for your operations.
The IMO Net-Zero Framework adoption is delayed
Outcome from MEPC ES.2:
The IMO's Marine Environment Protection Committee (MEPC ES.2) has been adjourned for a year before consideration of the IMO Net-Zero Framework (NZF) for adoption, which would have provided a global regulatory framework for the reduction of Greenhouse Gas energy intensity of international shipping.
LR believes that the least disruptive and most equitable route for the maritime industry’s energy transition is through a global, multilateral, transparent policy with the IMO. This will provide the framework for how the industry should decarbonise, creating the consistency, confidence, and collaboration needed to drive investment and accelerate progress.
It will be seen in the coming weeks what actions the IMO Member States will take in this matter. This will begin at ISWG-GHG 20 next week. LR will explain more of our current understanding in our webinars on 22 October.