MEPC 83 — Are We on the Right Track?

XX/06/2025

In this episode, we break down the outcomes of MEPC 83 where the IMO advanced its proposed Net-Zero Framework (NZF), a two-part climate regulation combining GHG intensity limits with a global emissions pricing mechanism. With adoption planned for October 2025, we examine what still needs to happen before then, and how this regulation may affect the landscape for shipping companies like KCC.

Hosts:
Peter Rayers
Head of Decarbonization, Klaveness Combination Carriers

Guest:
Helene Tofte
Executive Director of the Department of International Cooperation and Climate, Norwegian Shipowner’s Association

Listen on Spotify
Listen on Apple Podcasts
Listen on iHeart Radio

The IMO’s draft Net-Zero Framework, developed at MEPC 83, marked a major step forward in maritime climate regulation. But is it enough to put shipping on track for reaching net-zero, and will it pass the final hurdle at IMO’s extraordinary session in October 2025?

In this episode, KCC’s Head of Decarbonization Peter Rayers sits down with Helene Tofte, Executive Director of the Department of International Cooperation and Climate at the Norwegian Shipowner’s Association. Together, they dig into what still needs to happen before the framework is adopted in October, and how its design could impact the way shipping companies plan, invest, and operate in the years ahead.

Discussion points:

  • Will the Net Zero Framework be adopted in October, and what needs to happen before then?

  • Which parts of the regulation still need to be clarified or developed - such as biofuels, pricing, and compliance rules?

  • How might remedial units pricing and compliance trajectories evolve over the 2030s, and how should the industry plan around that uncertainty?

  • What are the chances of it being scaled back / cancelled in some years' time if the IMO sees that the winds are changing, or that it's just not working?

  • What does the NZF mean for KCC’s strategy—supporting energy efficiency, future fuels, and the value of our vessel concept?

Helene Tofte is the Executive Director of the Department of International Cooperation and Climate. She has the overarching responsibility for the Norwegian Shipowners’ Association’s international engagement and climate activities, with special focus on monitoring international climate processes and our participation in the International Chamber of Shipping (ICS).