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Oil Producers Saudi Arabia and UAE Call for Alternatives to IMO NZF
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Ship & Bunker
Oil Producers Saudi Arabia and UAE Call for Alternatives to IMO NZFby Ship & Bunker News TeamTwo inter-sessional meetings are scheduled for September 1-4 and November 23-27.
The IMO Net-Zero Framework design does not treat distributional outcomes“These features imply that a uniform global compliance cost can produce uneven real-world burdens.”
Saudi Arabia and the UAE also warned that compliance costs would increase with fuel consumption and voyage distance.
“The IMO Net-Zero Framework also embeds geographic asymmetry through a distance-based markup,” they said.
In an effort to reach broader consensus on the NZF, two inter-sessional meetings are scheduled for September and November ahead of MEPC 85.