NZF’s top carbon price isn’t high enough to force a fuel switch, GCMD reports
- A top penalty price of $380/tCO2e won’t cut it, but $700/tCO2e leads to real change
- GCMD chief executive says any carbon price would be better than no carbon price, ahead of MEPC85
- Extra costs of safe ammonia handling, bunkering erode its cost advantage over green methanol
‘Achieving a price signal of this magnitude will be challenging, but without it, the economics are unlikely to support the transition to new fuels at scale’