Shipping companies would have to pay a small levy on every tonne of fuel they use under proposals aimed at developing zero-carbon vessels within 10 years, transforming the high-carbon global shipping business.
Ships running on hydrogen or ammonia as fuel are thought to be technically possible, but more research and development is needed to bring forward the development of prototypes.
The International Chamber of Shipping (ICS), which represents 80% of the global shipping industry, is proposing a $2 levy on every tonne of fuel consumed by ships, raising $500m a year that would be devoted to research and development of zero-carbon vessels.
“This is a very positive proposal,” said Guy Platten, the secretary general of the ICS. “We need to get to zero carbon [for shipping] and this is a transparent mechanism for raising funds that we need to help us do that. We have worked for years on this with the support of our members.” [Continue reading…]