EU: Barriers halt shipping's environmental efforts

The EU Commission believes that various market barriers are keeping shipping from a serious reduction of CO2 emissions. Now EU will try to remove the barriers.

Photo: Torben Stroyer/Jyllands-Posten

Many of the initiatives that could provide shipping with a serious reduction of CO2 emissions are being blocked by various market barriers, says EU Climate Commissioner Connie Hedegaard.

“Many investigations show that a significant part of the initiatives launched to reduce the emission from ships will quickly be paid off through lower fuel consumption, which is the most important expense for the shipping companies. But oftentimes, these initiatives are not completed, mainly due to market barriers such as the so-called split incentives, in which investors don’t get a return on their investments, or when ports do not have a slot system for the arrival of ships to secure optimal speed,” Connie Hedegaard says to ShippingWatch.

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