This article was first published in Linkedin
Shipping's route to decarbonization was never going to be a straight line, because the sector is hard to abate, capital intensive, structurally fragmented, and pulled in different directions by genuinely competing fuel pathways. A global framework remains the mechanism most likely to solve that coordination problem cleanly, and it matters for reasons well beyond climate ambition alone, touching efficiency, energy security, and the strategic positioning of countries and companies willing to move early. The final decision will shape the economics of maritime trade and the pace of the global energy transition for a long time to come.