ICS proposes subsidy system for green fuel use to reach net zero targets

The International Chamber of Shipping (ICS) has submitted a proposal to shipping’s global regulator, the UN International Maritime Organization (IMO), for a zero-emission shipping fund (ZESF). To move forward with workable solutions to meet net zero targets, shipowners globally have agreed to mandatory contributions on ships’ GHG emissions to raise billions of dollars annually. This …

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