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Questions mount over IMO's carbon pricing ambition after Net-Zero Framework vote postponed

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IMO’s Net-Zero Framework faces a formal adoption vote today. (Photo: iStock)

Update: IMO delays Net-Zero Framework adoption

After several days of negotiations, member states of the International Maritime Organization (IMO) failed to reach an agreement on the proposed Net-Zero Framework (NZF) during the second special session of the Marine Environment Protection Committee (MEPC ES/2), held at the IMO headquarters in London. Delegates voted to postpone further discussions until 2026.

The delay deals a major setback to countries such as the European Union and Brazil, which have strongly supported the shipping industry’s green transition. It also reflects the effectiveness of recent pressure tactics from the United States, casting fresh uncertainty over whether a global carbon pricing mechanism for shipping can be implemented as planned in 2027.

The following is the report from Oct. 17, 2025:

Nations at the International Maritime Organization (IMO) meeting in London are set to vote today to formally adopt the Net-Zero Framework (NZF) to cut shipping emissions, but questions are mounting over policy uncertainty and U.S.-led opposition.

Majority backs NZF, but U.S. pushes back

Despite the United States’ threats of retaliation against nations supporting the Net-Zero Framework (NZF), a majority voiced support during the opening session, including China, Brazil, and the European Union.

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