This study empirically analyzes the multi-layered decarbonization pressures on the shipping industry arising from the introduction of the IMO Net Zero Framework (NZF), and quantitatively evaluates carbon costs and response scenarios through a case stu...
This study empirically analyzes the multi-layered decarbonization pressures on the shipping industry arising from the introduction of the IMO Net Zero Framework (NZF), and quantitatively evaluates carbon costs and response scenarios through a case study of a specific container shipping company. The study outlines the decarbonization pressures on shipping from regulatory, market, and international communities. In particular, it explains the background, structure, and implementation of the IMO Net Zero Framework adopted at the 83rd session of the MEPC in 2025, and analyzes the economic implications, including carbon pricing by fuel type. Focusing on a domestic carrier, referred to as Company H, the study develops IMO NZF response scenarios and compares them to identify the most economical and effective strategy for complying with the IMO Net Zero Framework. In addition, by estimating the potential size of the IMO Net Zero Fund and the ZNZ Reward and examining how their incentive and compensation structures can drive the shift to low- and zero-carbon fuels and investments in green ships, the study offers practical policy implications that can be shared by shipping companies, governments, and international organizations keywords : Greenhouse Gas, IMO Net Zero Framework, Alternative fuel