ShippingWatch

Shipping organizations join forces on billion-dollar CO2 reduction fund

Several shipping organizations now propose a carbon fee on fuel. Over the next ten years, this would lay the foundation for collecting USD 5 billion earmarked for research and development on measures to lower the industry's carbon footprint.

Photo: PR/MSC

A number of shipping organizations now band together, proposing a CO2 surcharge on fuel meant to develop into a billion-dollar fund that aims to lower the industry's carbon footprint.

Among others, Bimco, the International Chamber of Shipping, Intertanko and the World Shipping Council are behind the proposal.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Trial banner

Latest news

See all jobs