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Africa: A Historic Course Correction - How the World's Shipping Sector Is Setting Sail for Net Zero

  • In April 2025, the United Nations’ International Maritime Organization endorsed the IMO Net-Zero Framework, a landmark agreement aimed at eliminating shipping-related emissions worldwide by 2050.
  • After years of negotiations, a new framework has been established in response to the recognition that shipping contributes about 3% of worldwide greenhouse gas emissions and must transition to fuels with zero or near-zero emissions.
  • The plan mandates at least a 20 per cent emissions reduction by 2030 for ships over 5,000 gross tonnes, includes a global fuel standard and pricing mechanism, and starts compliance in 2028.
  • IMO Secretary-General Arsenio Dominguez highlighted their immediate priority is achieving the 2030 target, which includes cutting emissions by a minimum of 20 percent, while underscoring the importance of multilateral cooperation.
  • This framework initiates a major industry transformation that supports innovation, alternative fuels, and assists developing countries through financial measures and technology transfer.
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Carbon Credits broke the news in on Wednesday, May 14, 2025.
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