# IMO Net-Zero Framework negotiations > Live situation record from CLSTR: https://clstr.news/situations/imo-net-zero-framework-negotiations > Updated: 2026-09-08T09:09:46.000Z. Sources: 8. Developments: 2. Negotiations for the International Maritime Organization (IMO) Net-Zero Framework (NZF) concluded in London without a final agreement. The discussions focused on establishing an international framework to reduce greenhouse gas emissions from the shipping industry. While a definitive regulatory text was not adopted, some convergence was observed regarding a Greenhouse Gas Intensity (GFI) trajectory. Most states appear to be moving toward a single GFI limit rather than two, with potential flexibility in early years and a review clause to adjust for fuel availability. Significant disagreement persists over the proposed economic mechanism. While initial estimates suggested annual collections could reach $180 billion by 2038, recent modifications may lower initial annual collections to between $10 billion and $15 billion. The United States and several other nations have expressed opposition or concerns regarding the existence of such a mechanism and the IMO’s capacity to manage the resulting capital. Disagreements also remain among oil-producing nations regarding cost concerns and the management of generated resources. ## Timeline ### 2026-09-08: IMO fails to reach agreement on Net-Zero Framework The IMO concluded its Net-Zero Framework session in London without a final agreement, facing disputes over a proposed economic mechanism and fund management. 2 sources. https://clstr.news/cluster/imo-fails-to-reach-agreement-on-net-zero-framework ### 2026-09-04: IMO Net-Zero Framework negotiations conclude without agreement in London IMO climate negotiations in London ended without a new agreement as member states remain divided over carbon pricing mechanisms and fund management for maritime greenhouse gas reductions. 6 sources. https://clstr.news/cluster/imo-net-zero-framework-negotiations-conclude-without-agreement-in-london --- Cite as: IMO Net-Zero Framework negotiations. CLSTR, https://clstr.news/situations/imo-net-zero-framework-negotiations