The International Maritime Organization is working to finalize a legally binding framework to reach net zero shipping emissions by 2050. This plan relies on a combination of global fuel standards and a carbon pricing mechanism to drive the transition away from fossil fuels. Key hurdles remain, including the governance of the resulting fund and the establishment of a well-to-wake life cycle assessment for alternative fuels. Success depends on whether member states prioritize a binding agreement over the interests of oil producing nations.
