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And the overseas carbon market has created new jobs of paper shufflers managing the trading for big business
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The EU version is already having a impact on shipping with a ship planned to start cargo in several years now ready by 2023.
"A.P. Moller - Maersk will operate the world’s first carbon neutral liner vessel by 2023 – seven years ahead of schedule"
Its 2023 2030 and 2050 targets are for the worlds biggest shipping company a real game changer not just paper shuffling[biggrin]
Also see price target at $2 per kilo carbon free ammonia for use in Shipping fuel cells which was/may still be part of the Asian Renewable Energy Hub despite a blocker put on the environmental impact at at least a part of that huge project.
BHP and so many more here in Australia, are moving quickly to ensure they do not get caught holding the hot potato of stranded assets .
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This is an example of how heavy industry is going renewable to avoid international carbon taxes, remain competitive and ensure jobs for the future.
Tomago, Australia’s largest aluminium smelter, vows to switch to renewable energy by 2029 | Energy | The Guardian
