Picture This: IMO Postpones Net-Zero Commitments as Maritime Emissions Rise

What we know

The International Maritime Organization’s decision to delay the vote on the Net-Zero Framework until autumn 2026 reflects divisions within the international community, with major shipowners expressing frustration and concerns over political interference in climate policy.

Why this matters

The delay may lead to fragmented regulations, particularly as the EU continues to advance its own decarbonization measures like the FuelEU Maritime regulation. This regulatory uncertainty could result in delayed investments in green infrastructure and fleet renewal, potentially causing higher freight rates and reduced shipping capacity as older vessels are phased out.

There is also a chance of prolonged uncertainty that might lead to delayed investments in port infrastructure for alternative fuel supply as well as a fleet renewal program focused on zero carbon fuels. 

While the immediate impact on maritime emissions remains low after the vote, member states were concerned about letting politics control the narrative and outcome in a forum where this was previously not the case.

This article was published by S&P Global Market Intelligence and not by S&P Global Ratings, which is a separately managed division of S&P Global.