ICS proposes global carbon levy to accelerate green transition

ICS has presented the IMO with a proposal for a global carbon levy that will close the price gap between conventional fuels and the more expensive alternative fuels.

Photo: Petros Giannakouris/AP/Ritzau Scanpix

International shipping organization Chamber of Shipping (ICS) has presented a new proposal to UN maritime organization IMO for a global carbon levy.

The intent is to create a market for zero-carbon fuels by closing the price gap between the cheaper fossil fuel and the more expensive zero-carbon alternatives, such as hydrogen and ammonia.

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