In a recent op-ed, Dr. Dola Oluteye, senior fellow at the University College London Energy Institute and founder of the Professional African Technical Network Advisory, emphasises that African nations are stepping up at the UN International Maritime Organization (IMO) to directly influence the governance of the multi-billion-dollar Net-Zero Fund, moving beyond their traditional role as mere “concern raisers.”
Dr. Dola highlights two key proposals submitted by African states for upcoming negotiations: one detailing operational structures like board composition, access modalities and disbursement, another establishing a quantitative instrument to address disproportionately negative impacts on trade-dependent developing economies.
Dr. Dola argues that active African leadership in shaping these financial mechanisms is vital to ensuring that the global shipping transition serves as a tool for equity rather than as an unfair tax on distance.
Read the full op-ed here.
