An inconvenient truth has been spelled out by the head of fuel decarbonisation at commodity trading group Trafigura.
“The whole industry will become uninvestable" if an effective market-based measure to incentivise the use of low and zero-carbon fuel is not adopted, according to the trader's global head of fuel decarbonisation, Rasmus Bach Nielsen.
He expressed this view in favour of the International Maritime Organization adopting a meaningful carbon levy at a webinar organised by law firm Watson Farley & Williams.
