US rejects IMO's 'Net-Zero Framework' aimed at global greenhouse gas emissions from shipping sector
ReutersAug 12, 2025 4:19 PM
Aug 12 (Reuters) - The United States on Tuesday rejected the "Net-Zero Framework" proposal by the International Maritime Organization (IMO), which is aimed at reducing global greenhouse gas emissions from the international shipping sector.
The announcement was made in a joint statement by Secretary of State Marco Rubio, Commerce Secretary Howard Lutnick, Energy Secretary Chris Wright and Transportation Secretary Sean Duffy.
"The Trump Administration unequivocally rejects this proposal before the IMO and will not tolerate any action that increases costs for our citizens, energy providers, shipping companies and their customers, or tourists," the secretaries said.
Members of the IMO are set to consider the adoption of the framework in October.
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Related Articles
Investing in Clean Energy
TradingKey - Not so long ago, clean energy was relegated to a niche, a corner for subsidies, early markets, and greens. Now it's at the center of global economic thought. Governments, business, and consumers are driving a structural transformation from fossil fuels to renewables. The roofs are toppeTradingKey
4 hours ago
Investing in Luxury & Experiential Consumption
Niche assets like data centers, logistics, healthcare, and cold storage thrive on structural drivers, not traditional property cycles Specialized real estate benefits from secular trends like digitalization, demographics, and supply chain innovation, making demand resilient and less cycle-sensitiveTradingKey
6 hours ago
Investing in Specialized Real Estate
TradingKey - Niche assets like data centers, logistics, healthcare, and cold storage thrive on structural drivers, not traditional property cycles Specialized real estate benefits from secular trends like digitalization, demographics, and supply chain innovationTradingKey
8 hours ago
Investing in Gaming & Digital Entertainment
TradingKey - Video gaming and digital entertainment have moved from on the margin of leisure to at the heart of global culture. What was formerly considered a niche entertainment, gaming now rivals and at times dominates movie and music revenue. Meanwhile, streaming services, cyber sportsTradingKey
10 hours ago
Fed to Cut Rates: All Asset Prices Up!
TradingKey - The Federal Reserve is almost certain to restart its interest rate cut cycle on 17 September this year. After in-depth research, we have concluded that cryptocurrencies, the broader U.S. stock market, and short-term U.S. Treasury bonds will all go up.TradingKey
Mon, Sep 8
Tradingkey
