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Shipping edges towards mandatory R&D fund

Pressure on the shipping industry to at least halve its emissions by 2050 leads five of the biggest shipping associations to collaborate on the development of an R&D fund. This would strictly be an R&D fund and the hope among participants is that its administration through a new international board would prevent it from being politicised, Lloyd’s List understands

A proposal under consideration by five industry associations could force ships to pay $2 for each tonne of fuel they consume

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