Global Shipping Emissions Deal Sinks After Last-Minute Collapse

A decade-long effort to make the shipping industry the first to adopt binding international emissions targets has fallen apart—this time not over science or technology, but timing and cost. The breakdown leaves oil demand from marine fuels largely untouched for now, a relief to refiners and traders watching for signs of a forced pivot toward costly biofuels or ammonia blends. The International Maritime Organization (IMO) meeting in London this week was meant to finalize a framework first agreed in April, setting out how shipowners would transition…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com