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Maritime industry goes it alone to plot downfall of CO2 emissions

This week the global maritime transport industry made a plan to tax Bunker fuel for up to ten years, and use the proceeds to fund a $5 billion R&D program to slash ocean transport emissions. This is typical of how the maritime agencies tend to deal with their problems, and it hopes to bring in the plan during 2023. Next Month the long standing outcome of a similar prior campaign – to decimate Sulphur Dioxide emissions, will come into play after a 3 year notice period, which most shipping firms will achieve through using fuels that have the bulk of the Sulphur removed. The R&D contribution from 2023 onwards will be $2 per tonne of marine fuel purchased. But the…

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