I should like that. In the end, the lowest carbon hydrocarbon fuel, and the only one technically mature is LNG. So this would drive LG adoption – that being said, why would we need additional incentives. When I worked in Florida I met with representatives from the cruise industry. They said that they perceive an FID with LNG propulsion as risky. Now, just about 8 years later I read from a representative of the cruise industry that an FID without LNG propulsion would be perceived as risky. No levy needed. LNG is unstoppable in shipping – and in many other domains. It just takes time to feel the change as those ships have a working life measured in many decades. But it’s coming strong. No levies, please.
The company proposes a carbon levy of $250-300 per tonne of CO2 equivalent is imposed on bunker fuels.