Without a doubt, the most impactful outcome of the IMO’s Marine Environment Protection Committee (MEPC 83) meeting was the creation of the IMO Net Zero Framework. This framework includes a Greenhouse Gas (GHG) Fuel Intensity (GFI) standard and economic mechanisms, notably a dual-level carbon trading system. This system mandates that vessels with higher emissions compensate for their CO₂ output, while simultaneously incentivizing ships that utilize low or zero-emission technologies through...
https://mfame.guru/tanker-market-faces-downward-pressure-despite-imos-net-zero-framework/