Cyprus Business Now: property, GDP, Net-Zero Framework, satellite, energy

The International Chamber of Shipping (ICS) expressed disappointment following the conclusion of the International Maritime Organisation’s (IMO) Extraordinary Session of the Marine Environment Protection Committee (MEPC) in London, where member states failed to reach an agreement on the Net-Zero Framework (NZF) for the shipping industry. 

The proposed framework would have introduced the  first-ever global carbon pricing mechanism  for any industrial sector, setting a clear path for international shipping’s transition to net zero. 

“We are disappointed that