Arsenio Dominguez insisted the landmark deal struck on Friday to impose binding emission targets across shipping would keep the industry on track to reach net zero by 2050.

The secretary general of the International Maritime Organization told reporters that the compromise agreement was a “positive outcome” despite opposition from oil-producing states and small island nations.

He disputed analysts’ figures who claimed the new deal put shipping on a less ambitious trajectory for cutting emissions due to the horse-trading between member states of the IMO over the past fortnight.