IMO uncertainty slows marine biofuel demand
Demand for lower-carbon marine fuels has weakened this year as uncertainty over the International Maritime Organization’s (IMO) proposed net-zero framework continues to weigh on shipowners’ investment and fuel purchasing decisions.
According to Reuters, industry executives say the lack of regulatory clarity, alongside growing reliance on carbon credits under existing emissions schemes, is slowing the uptake of marine biofuels despite continued efforts to decarbonise shipping.
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