Panama burning the midnight oil for national maritime decarbonization plan

Panama is moving full steam ahead with the development of a national plan to decarbonize its maritime sector, the Panama Maritime Authority (PMA) said.

The Central American country has reiterated its commitment to meeting the standards set by the International Maritime Organization (IMO).

“In the next five months, we expect to have a draft action plan ready so we can begin execution as soon as possible. But we need the collaboration of many players across the industry,”Alexander De Gracia, Acting Administrator of MPA, announced during a meeting with the European Union–appointed consultant who will provide technical support for the proposal.

As explained, the plan will be integrated into Panama’s National Maritime Strategy and aims to create “the right conditions and regulatory framework to position the country as an attractive hub for international investment in alternative fuels“—one of the core pillars of the project.

“This will give us a baseline and a clear diagnosis of the country’s current standing. We’ll be able to identify what needs to be done, where we’re heading, and which tools we need to honor