According to an International Maritime Organisation (IMO) study published in August 2020, emissions are projected to increase by as much as 130 percent by 2050 compared to 2008 levels if mitigation measures are not urgently put in place.

Read Trafigura’s proposal for IMO member states to help accelerate progress towards the decarbonisation of the shipping industry via the introduction of a levy on carbon intensive marine fuels to accelerate the development and competitiveness of zero- and low-carbon alternative fuels.

Our participation in the Global Maritime Forum, the Getting to Zero Coalition and the development of proposals such as this one, form part of our collective leadership in making sure that the global maritime sector helps deliver against the commitments made in the Paris Agreement.