“It is disappointing that an agreement could not be reached to adopt the Net Zero Framework at the IMO. As a long-standing advocate of a global carbon pricing mechanism, the UK Chamber of Shipping has consistently championed international collaboration to drive meaningful decarbonisation.

We trust that the international community, under the leadership of the IMO, can swiftly work towards a new way ahead, and the UK Chamber stands ready to engage in this process with all our global partners.

We hope the Intersessional Working Group next week will consider the remaining issues within the NZF such as the Life Cycle Analysis and GHG Fuel Intensity Register in order to continue this process.”