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IMO Environment Fuels

Industry groups push back reform of $5bn green fund

Developing nations including China and Brazil don't agree with the proposed levy-based funding and wanted develop nations to contribute more

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Facing pressure from developing nations to find a different financing mechanism, industry lobbies insist that collecting $2 per tonne of fuel consumed from each ship is the best way to develop a decarbonisation R&D fund

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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