Reed Smith partner Nick Austin has been fielding questions from clients on how the International Maritime Organization’s new net-zero framework will fit with separate European Union decarbonisation measures.
A divided IMO struck a compromise deal earlier this month that, for the first time, will force ships to adopt cleaner fuels from 2028 or face financial penalties.
Some shipping and environmental groups gave a cautious welcome to the deal, which aims to cut carbon emissions by 65% by 2040.
