Trafigura Calls for IMO Action on Carbon Levy

The video discusses the journey from skepticism to consensus on the need for carbon pricing in the shipping industry. Despite progress, challenges remain, particularly the significant price gap of zero-carbon fuels. The urgency for policy action is emphasized, with COP26 highlighted as a crucial event. The consequences of delay are severe, impacting global decarbonization efforts. However, there is hope as global leaders, including the US and UK, are taking steps towards a sustainable future.

What was the initial reaction to the carbon pricing proposal launched in September last year?

• Immediate acceptance

• Widespread skepticism

• General indifference

• Enthusiastic support

What is a major challenge in reaching a consensus on carbon pricing?

• Insufficient industry support

• Different interests among IMO members

• Overwhelming public opposition

• Lack of scientific studies

Why is a price on carbon considered necessary for decarbonization?

• To increase fuel prices

• To encourage investment in zero-carbon fuels

• To reduce shipping costs

• To limit government intervention

What are some environmental consequences mentioned if decarbonization is delayed?

• Higher fuel efficiency

• Decreased global temperatures

• More frequent floods and fires

• Increased shipping costs

Which regions are noted for taking leadership in decarbonizing the shipping industry?

• Middle East and Antarctica

• Asia and Africa

• South America and Australia

• European Union and the US