Shipping industry proposes ‘moonshot’ fossil fuel levy

Fiona Harvey, The Guardian Shipping & Ports

Shipping industry proposes ‘moonshot’ fossil fuel levy
Chris Pagan on Unsplash

However, climate campaigners are concerned that the levy is too small, and will distract from more effective ways of reducing carbon dioxide from shipping, which is a growing problem.

The proposed levy, of $2 (£1.40) a tonne of fuel used by ships, would raise about $5bn over the next decade to fund research and development into zero-carbon ships. 

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