Philippe Louis-Dreyfus is backing a proposal for a levy on fuel to fund research and development into reducing shipping’s carbon emissions.
The fund proposal, which will be presented to the IMO next year, was launched by a consortium of shipowner associations including Bimco and the International Chamber of Shipping last week. The idea is that a $2-per-tonne levy on fuel will raise $5bn over 10 years, which can be directed toward research and development to reduce shipping’s carbon emissions.
