Brazil’s IMO proposal for ISWG-GHG 22: how compliance, surplus trading, and the facility could work

AI Summary

Brazil has submitted a proposal for discussions on revising how the IMO Net-Zero Framework would work after member states deferred adoption of draft MARPOL Annex VI amendments in October 2025. The proposal addresses compliance, surplus trading, and a possible fund facility while seeking to adjust the framework without reopening the broader package.

The negotiations around the IMO Net-Zero Framework have moved into an interesting phase. Following the decision not to adopt the draft amendments to MARPOL Annex VI in October 2025, IMO Member States have spent much of 2026 considering how the framework could be adjusted without reopening the entire package negotiated at MEPC 83. Brazil’s contribution ...