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So traffickers turn shipping fuel into more expensive home and automobile fuel.
Shipping fuel is much heavier and thicker than aircraft fuel, and produces more greenhouse gases.
For one thing, longstanding international agreements intended to promote global trade exempt airline and shipping fuel from taxation.
Shipping is Greece's premier industry, and the price of shipping fuel is set by law at one-third the price of fuel for cars and homes.
As I've written here before, shipping fuel contains far more nitrogen and sulfur than gasoline for cars does, resulting in especially nasty emissions.
Sulphur will be capped at 0.5% of shipping fuel content from 2020, not 2025 as some companies and countries had urged.
Similar(39)
But that is not an easy fix, because pipelines -- the least expensive means for shipping fuels between regions -- are already full.
At the end of October, an IMO meeting in London will decide whether to cap the sulphur content of shipping fuels by 2020 or 2025.
Currently shipping fuels are exempt from national carbon accounts, which has caused much head-scratching about how their emissions could be curbed.
Therefore, a more specific forecasting method needs to be developed that takes account of historical transitions in shipping fuels, aggregated LNG bunker development forecasts, and current port-specific bunker volumes per ship type.
How can we continue to ship fuel oil to the North as if nothing had happened?
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