gCaptain28 Aug 2026AI generated
IMO working group meets in London Sept 1-4 to negotiate the Net-Zero Framework, with carbon pricing the central dispute.
- Liberia proposes replacing the IMO Fund with tradable Surplus Units tied to fuel availability
- Brazil proposes softer start: 3% GFI cut in 2029, 4% in 2030, Remedial Units at $100/$380 per tCO2e
- Tuvalu backs stricter: $300/$380 per tonne and 30% direct-compliance cut by 2035
- Australia, Canada, South Africa, UK seek to keep the MEPC 83 framework largely intact
Context
Negotiations resume after the extraordinary MEPC session was adjourned for one year last October, when governments had been due to formally adopt the framework.
