In this new study with Ricardo and Trinomics we show how maritime transport can achieve emissions reduction in line with the EU climate targets and the Paris Agreement. Extending the EU ETS and boosting the demand for sustainable alternatives and low-carbon technologies are steps the European Commission is already taking.
But what is the right policy mix that can ensure action is cost-effective, enforceable and raises climate ambition all at once?
4 policy options and 3 geographical scopes (voyages undertaken by the ship) have been analysed and compared against a number of impacts, i.e. environmental (emissions, airpollution, energy use and biodiversity); economic (SMEs and macroeconomy); social (employment and distributional effects).
The report is available to download here.