You are using an outdated browser For a better experience using this site, please upgrade to a modern web browser. Subscribe Get Daily Email Subscribe --> Contact Us Sign in Home News & Features Compliance Costs Bunker Prices Bunker Intelligence World News Latest Features World Americas EMEA Asia/Pacific Home News & Features World ISWG-GHG 22: Multiplier Could Replace Cash Rewards for Green Fuels if IMO Fund Falls, Says IBIA's Hughes ISWG-GHG 22: Multiplier Could Replace Cash Rewards for Green Fuels if IMO Fund Falls, Says IBIA's Hughes by Martyn Lasek, Managing Director, Ship & Bunker Wednesday September 9, 2026 Tweet Follow @shipandbunker IBIA's representative to the IMO, Dr Edmund Hughes. Image Credit: IBIA Multiplier "could potentially replace financial rewards and so the need for revenues to provide them", says IBIA 's Dr Edmund Hughes Without a fund, cash rewards for zero and near-zero fuels "would not be possible", but a non-fiscal route may work Several states reviewing positions and may be moderating "red lines" after ISWG-GHG 22 Hughes moderates the regulatory panel at the IBIA Annual Convention in New York , November 10-12 IBIA 's representative to the IMO , Dr Edmund Hughes , says China 's multiplier proposal for zero and near-zero fuels and technologies could be a way round the deadlock over an IMO fund under the Net-Zero Framework ( NZF ), rewarding green fuels without needing revenues to pay for it. "Such a multiplier, if designed correctly, could potentially replace financial rewards and so the need for revenues to provide them," he told Ship & Bunker following last week's ISWG-GHG 22 . “ Without provisions for raising and a depositary for receiving revenues from a global measure it would mean financial rewards for the use of ZNZs would not be possible Dr Edmund Hughes, Representative to the IMO, IBIA The fund has proven a key sticking point for the proposed framework, with the US in particular one of its most outspoken critics, criti