Navigating IMO Net-Zero Framework: Potential Challenges and Refinements
Highlights: The IMO Net-Zero Framework is a significant step toward maritime decarbonization but raises concerns about incentive adequacy, cost gap closure, and long-term sustainability. Analysis shows potential under-utilization of surplus units (SUs) under the current system, which may weaken financial signals for investing in zero and near-zero emission (ZNZ) fuels. Refinements such as Reverse Compliance […]
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