Sohmen-Pao: Shipping should step in front with CO2 levy

CO2 emissions represent an urgent problem that shipping must take seriously. A CO2 fund could be one of the solutions, Andreas Sohmen-Pao, CEO of BW Group, tells ShippingWatch.

Photo: BW Group

The need for and the global community's efforts to reduce CO2 emissions (carbon) are growing, and the shipping industry must take this seriously and react on it, says Andreas Sohmen-Pao, CEO of BW Group.

As such, he calls for the industry to support a carbon fund, he tells ShippingWatch during the just-finished Danish Maritime Forum on Thursday afternoon.

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