Pacific Island States Say IMO Net-Zero Fund Essential for Shipping Mid-Term GHG Measuresby Ship & Bunker News TeamSmall island states in the Pacific are among the world’s most vulnerable to climate change. It is the singular guarantee that the transition will not leave Member States behind“The IMO Net-Zero Framework is a package that cannot function without all its necessary elements,” they said. The group also described the fund as the “singular guarantee that the transition will not leave Member States behind”. Ships exceeding set thresholds could make payments into the IMO Net-Zero Fund, which would use the revenue to reward low-emission ships and help developing countries with the transition. The Pacific states want targeted support for domestic fleet upgrades and port infrastructure in developing countries, as well as assistance for states facing disproportionately higher transport costs from the transition.