Cutting carbon emissions from the world fleet
A straight fuel oil levy on all ships has been given cautious backing by the Greek Shipping Co-operation Committee as the least harmful option among market based mechanisms for cutting carbon emissions from the world fleet.
The London-based committee, which has often played the significant role of a think-tank as well as representing Greek shipping offices in the UK, gave measured support for a fuel levy as “the more suitable mechanism”.
But this was on the provision that any mechanism should be designed and implemented by the International Maritime Organization and any revenue resulting should be directed by the IMO, and purely for environmental benefit.
Source: Safety4Sea
