The shipping industry has largely continued to back the net-zero framework, despite the additional cost and the current geopolitical crises. Absent a unifying global policy, the industry fears that a patchwork of regulations will complicate logistics. The European Union already has a carbon pricing mechanism in place for the shipping industry. If other countries adopt their own policies, it would add logistical complexity for a shipper moving products, say, from Asia to the Middle East and Europe.