Maersk Expects Ship Regulator to Approve Global CO2 Levy in 2025 [Yahoo! Finance]
A.P MOLLER-MRS UNS/ADR (AMKBY)
NASDAQ:AMEX Investor Relations:
investor.maersk.com/investor-relations
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Source: Yahoo! Finance
(Bloomberg) -- Shipping giant A.P. Moller-Maersk A/S expects the industry's global regulator next year to approve a charge on vessels' greenhouse gas emissions. Most Read from Bloomberg At International Maritime Organization talks in London this week, nations have been inching toward plans to reign in emissions from a sector that annually spews about a billion tons of carbon dioxide into the atmosphere. Simon Bergulf, Maersk group representative for Europe, said he expects a charge on pollution to be approved in 2025. Potential new IMO rules also include a phased reduction in the GHG intensity of energy used by ships. Ultimately, these regulations could slash carbon emissions and possibly force the industry to pay billions of dollars if it keeps emitting. “We still don't have the full contour of what that framework's gonna be, but it's becoming more and more clear,” Bergulf said in an interview at the IMO. Shipping carries more than 80% of world trade and still runs almost
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