(2021-09-11) Carbon Commentary Newsletter Shipping Carbon Tax

Carbon Commentary newsletter, Week ending September 11th 2021

1, Hydrogen in India. The chairman of one of India’s largest conglomerates said his company would work with partners to install at least 100 GW of new renewable electricity capacity by 2030 for the purposes of making hydrogen.

2, Shipping carbon tax. The shipping industry repeatedly tells us it needs a carbon tax because renewable fuels are currently expensive compared to oil. The International Chamber of Shipping, representing 80% of world tonnage, formally asked the IMO, part of the UN, to push for a global levy. The funds raised would be used to push down the cost of low carbon alternatives and to set up full scale bunkering across the world. Perhaps the global trade associations for steel, cement and aviation would also like to appeal for a carbon levy? A call from international business for a uniform carbon tax across the world would be difficult to resist.