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π₯ Greetings, Maritime Mavericks!
Last week was meant to be historic.
Instead β it turned into chaos, diplomacy, and delay.
The IMO voted 57β49 to pause its Net-Zero Framework (NZF) for one year, with 21 abstentions.
The plan, once expected to launch in March 2027, is now stuck in political ambiguity.
β What just happened?
π¬ What did leaders say?
π Why it matters?
π§ Behind the vote!
β³ Whatβs next?
π What to watch?
π Maritime Analytica - Big Picture
Letβs uncover them allβ¦
β What just happened?
The NZF aimed to price ship emissions and raise $15 billion/year for green transition funds.
Saudi Arabia called for a delay, citing βdeep divisionβ over carbon pricing.
The U.S. lobbied aggressively, warning nations of tariffs and trade retaliation.
China switched sides, backing delay despite earlier support.
Greece and Cyprus abstained, breaking EU unity.