The discussion on carbon pricing in the maritime industry is heating up, as industry stakeholders urge for a market-based measure to finally incentivize the sector’s decarbonization journey.
In a nutshell, carbon pricing would impose a cost on emitting greenhouse gases (GHGs), pushing the sector to opt for alternative fuels and energy efficiency tools to decarbonise.
Two key options are being considered at the moment: a carbon tax/levy on shipping fuels and an emissions trading scheme (ETS).
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