'No question' that the decarbonization of shipping will contribute to inflation, says industry CEO
Publishing timestamp: 2023-10-18 05:22:24
Summary
The European Union's Emissions Trading System will be extended to the shipping industry in 2024, leading to increased costs and potential inflationary impact. The CEO of Global Shipping Business Network suggests that blockchain technology could help the shipping industry provide proof of its green efforts. The use of alternative fuels and the need for proof of sustainability in shipping are discussed.
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Tickers: MAERSK.B-DK, AMKAF,
Keywords: environment, shipping, pollution, guangzhou, emissions reduction, emissions trading, business news, ap moeller - maersk a/s, breaking news: business, asia news, blockchain, china, technology, asia economy,
Source: https://www.cnbc.com/2023/10/18/shipping-going-green-will-add-to-inflation-no-question-says-ceo.html