SINGAPORE - June 24, 2022 - (Newswire.com)
Abendroth Fortel, a leading financial services adviser and a well-reputed commodity broker aiming to provide its clients with an array of investment opportunities in the commodity markets, today announced its initiative to support the implementation of a decarbonization program in order to make low and zero-carbon fuels more practical and profitable.
Abendroth Fortel sustains the introduction of a specified system that would reduce the use of fuels that have a carbon dioxide equivalent intensity beyond an acceptable benchmark level and offer a subvention for implementing decarbonization. The company supports essential action plans designed to decrease shipping emissions and encourages the international shipping industry to contribute in its turn to the achievement of the decarbonization program's objectives.
Abendroth Fortel welcomes new shipping rules that demand the use of shipping fuels with lower sulphur content and further efficiency standards to be implemented. An extra change is still required in the case of the ships in use, the fuels that are used to power them and the allied infrastructure. In order to implement modifications within the industry and achieve the required evolution, the company proposes to establish a subsidy for the use of low and zero-carbon options.
As in the case of proposals of any type of regulatory change, it is necessary to accomplish a broad evaluation of the impact a similar proposed reform can have. It is of great significance to identify potential outcomes of the proposed program before it is approved.
"Our recommendation is based on underlying analysis which involves the consideration of various feedback, other proposals and contributions connected with previous measures that have been carried out. We would like to thank all the interested parties in the trading industry who have supported our initiative", said Hoi Batisah, Communication Manager.
About Abendroth Fortel
Abendroth-Fortel.com is one of the leading financial services advisers and a well-reputed commodity broker. The primary aim of the firm is to provide its clients with an array of investment opportunities in the commodity markets. Abendroth Fortel provides an unparalleled range of services like commodity trading, financial advice, alternative investments, and forex trading for both local and global investors to meet their diverse requirements. The firm's professional staff is trained to handle the highest level of service for customers of all sizes and requirements. Abendroth Fortel prefers challenging tasks that allow the company to work on the edge of its capabilities.
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Original Source: Abendroth Fortel Proposes a Decarbonization Program for the Global Shipment
