Financial Ports

Japan’s IMO climate plan could scrap $15bn fund for developing nations

CLAVE 1 / 4Japan’s plan would eliminate the $10-15bn Net-Zero Fund, designed to support developing nations in decarbonising shipping.

CLAVE 2 / 4The proposal replaces the fund with industry-led ‘direct contributions’, giving companies control over climate financing.

CLAVE 3 / 4Opportunity Green warns the changes could undermine emission targets and prolong high-polluting fuels like LNG.

CLAVE 4 / 4Negotiations on the Net-Zero Framework resume in London this November and December.

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