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Crucial negotiations become "pure poker" until the last moment

Following a new round of negotiations in the IMO's climate committee, key stakeholders have moved closer to each other on the issue of a new, global tax on fossil fuel oil, assesses the advisor

Before the end of 2025, the global maritime sector must agree on the path to climate neutrality with concrete tools such as a global tax on fossil ship fuel and a new green fuel standard.

And after last week's negotiations in the International Maritime Organization (IMO) about the industry's difficult path to net-zero, it is quite clear that there will be high-stakes poker played among a myriad of countries with conflicting interests right up to five minutes before the deadline.

BREAKING
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