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: UCL Sees Large Majority Continuing to Back GHG Pricing and Centralised Fund ISWG-GHG 22: UCL Sees Large Majority Continuing to Back GHG Pricing and Centralised Fund by Ship & Bunker News Team Friday September 4, 2026 Tweet Follow @shipandbunker UCL has published its overview of the discussions from IMO’s ISWG-GHG 22. Image Credit: UCL UCL readout sees large majority still behind GHG pricing and a centralised fund to support the transition 38 member states spoke in favour and 17 against, two-thirds of those who took the floor Japan 's direct-contributions alternative "robustly rejected" GFI trajectory likely softer to 2030 , steeper to 2040 ; ZNZ multiplier may return Advice to investors: "the devil is still in the detail", but expect a decision at MEPC 85 The UCL Shipping and Oceans Research Group sees a large majority of IMO member states continuing to back GHG pricing and a centralised fund to support shipping's transition, following "steady progress" on the Net Zero Framework at this week's ISWG-GHG 22 . The view comes in its readout of the meeting published Friday , and rests on 38 member states speaking in favour and 17 against. Neither the readout nor the IMO's own summary says how many of the organisation's 176 members took part in the session, though for comparison 127 states voted or abstained when adoption of the framework was adjourned last October . “ there remains high uncertainty in the extent that both industry's transition and low-income countries' transitions will be supported Dr Tristan Smith, professor of energy and transport. UCL Among those who took the floor this week that is a two-thirds