Must There Be Winners and Losers as We Go Green?

Climate change is a growing problem. The longer we go without making sacrifices, the greater the price that must ultimately be paid. The problem is made worse, however, because when it comes to phasing out fossil fuels, some people must automatically pay a higher price than others. So who would the winners and losers be if we suddenly drove forward to significantly lower emissions by 2030, as the European Union intends?

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Stuck in the middle with the fumes

Since the 1960s heavy fuel oil (HFO) has reigned supreme as the king of maritime fuels. It was efficient and cheap; its use spread far and wide. International shipping boomed on its success. Even today, this industry handles 90% of the world’s trade volume. For many, HFO is the lifeblood of the maritime shipping industry. But it has a dark side…

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