The container ship MORTEN MÆRSK heading to Hamburg on April 22, 2020.
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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…