BHP, the world’s biggest dry bulker charterer, wants a level carbon price around the world and is happy to see Europe lead the way with a levy.

The mining giant supports a carbon levy as long as funds from it are used to develop alternative green fuels, said Rashpal Singh Bhatti, vice president maritime and supply chain excellence for the global commodities trading group.

“If the European tax scheme goes first it could well be a fantastic ground for understanding how this could work, learning from that and then taking it back to a global model,” Bhatti said, while speaking at a webinar organised by the International Chamber of Shipping.