In October 2025, after years of negotiations, the world’s first global carbon pricing system for shipping was within reach—until the United States stepped in. The result? A one-year delay that has left the industry in limbo.
Why This Matters
Maritime shipping moves 90% of world trade and accounts for approximately 3% of global greenhouse gas emissions. For the first time, the International Maritime Organization (IMO) was poised to implement a landmark carbon pricing mechanism that would transform how the industry operates.
The IMO Net-Zero Framework (NZF) would have applied a $100 per tonne CO2 equivalent fee on vessels exceeding emission thresholds, fundamentally reshaping the economics of global shipping.
But on October 17, 2025, that progress stalled. The IMO voted to postpone adoption until October 2026—not due to technical challenges or industry concerns, but because of aggressive diplomatic pressure from the United States.
This isn’t just a story about politics. It’s about the future of global trade, the pace of decarbonization, and who gets to set the rules for one of the world’s most critical industries.













