'Green' fuels will cost the consumer -- but we need to think long term, Maersk CEO says
The CEO of shipping giant Moller-Maersk admitted to CNBC Thursday that shifting to "green" fuels would come at a cost, but emphasized the importance of focusing on the bigger picture rather than short-term pain.
Soren Skou's comments come a day after his company said it wanted the entire business to reach net-zero greenhouse gas emissions in the year 2040, 10 years ahead of its previous goal.
"When we embark on this carbon neutrality journey, we are going to use
green fuels," Skou, who was speaking to CNBC's "Squawk Box Europe," said. As a starting point, these fuels were "probably two to three times
much more expensive," Skou said.
"But we're looking at this over a 20 year horizon and therefore, we think that the inflationary impact will be very modest when it comes out to the consumer."
https://www.msn.com/en-us/money/markets/green-fuels-will-cost-the-consumer-%e2%80%94-but-we-need-to-think-long-term-maersk-ceo-says/ar-AASKaK9