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A just & equitable transition for shipping

June 2025: Our latest report examines how the revenues raised from the new IMO Net-Zero Fund measure could be distributed to maximise positive outcomes that support equity and justice, and offset the cost of maritime’s transition.

Shipping’s new agreement is a major new regulation that aims to reduce greenhouse gas (GHG) emissions from international shipping.

It could raise up to $10bn per year in revenues from 2028 – but there’s a risk that the lion’s share could end up back in the pockets of highly-profitable shipping companies as a reward for early adoption of net zero technologies.

Find out why funds must be used flexibly and liberally to support climate vulnerable countries to adapt to climate change and enhance resilience.

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