DANISH shipping giant Maersk
has proposed implementing a tax of at least US$150 per
tonne of carbon emitted from traditional marine bunker fuels, saying it
was necessary to drive the development of greener alternative fuels that today
are more expensive.
The announcement from Maersk
CEO Soren Skou makes the shipping company the first carrier to offer
such a proposal and comes a week before the Marine Environment Protection
Committee (MEPC) of the International Maritime Organization (IMO)
meets in London to consider new decarbonisation measures.
Maersk called the proposed tax, which equates to $450 per tonne of fuel at today's oil prices, a move that would "bridge the gap" between fossil fuels and greener options that not only cost more, but are years away from being available at scale, reports IHS Media.
"In 2025, there
will not be sufficient carbon-neutral fuels available," the carrier said
in a statement. "But gradually introducing a market-based measure from
2025 will accelerate the scaling of fuel transition over the last part of the
decade, as well as incentivize fuel efficiency measures and retrofits in the
existing global fleet."
The push to move on
decarbonisation measures is very much a domino effect, wherein shippers feel
heat from external forces, then in turn apply pressure on carriers. Shippers
are being pressed by consumers and investors to curb so-called Scope 3
emissions, which include emissions generated by vendors, including transport
providers such as container carriers.
But according to Mr
Skou, without a financial incentive, those pressures may not be enough to get
companies to decarbonise.
"Fossil fuels
cannot keep being cheaper than green fuels. Action is required now," he
said in a statement posted on LinkedIn. "It is vital to consider all
greenhouse gases, not just CO2, on a full life cycle analysis, otherwise we
will not be able to truly decarbonise shipping by 2050 in line with the Paris
Agreement."
Source : HKSG / Photo : Shipping Watch.
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