• About
    • Which Energy Mix is this?
  • Climate News Network Archive
  • Contact
Celebrating our 1,000th edition. The climate news you need
No Result
View All Result
The Energy Mix
  • Canada
  • UK & Europe
  • Fossil Fuels
  • Ending Emissions
  • Community Climate Finance
  • Clean Electricity Grid
  • Cities & Communities
SUBSCRIBE
DONATE
  • Canada
  • UK & Europe
  • Fossil Fuels
  • Ending Emissions
  • Community Climate Finance
  • Clean Electricity Grid
  • Cities & Communities
SUBSCRIBE
DONATE
No Result
View All Result
The Energy Mix
No Result
View All Result
  FEATURED
BREAKING: U.S. Senate Passes Historic $369B Climate Package August 7, 2022
Researchers Point To ‘Dangerously Unexplored’ Risk of Global Climate Catastrophe August 2, 2022
Koch Network Pressures Manchin, Sinema as Advocates Praise ‘Game Changing’ Climate Deal August 2, 2022
Coastal GasLink Cost Skyrockets 70% to $11.2B August 2, 2022
Ottawa Releases Regulatory ‘Frame’ for Net-Zero Grid by 2035 August 2, 2022
Next
Prev

Shipping Industry Can Cut Emissions at ‘Negligible’ Cost, Study Shows

July 10, 2022
Reading time: 2 minutes

Karsten Wachtmann/Pixabay

Karsten Wachtmann/Pixabay

1
SHARES
 

Substantially strengthening emissions regulations for marine shipping will have a “negligible” impact on freight costs, says a new study from Transport & Environment.

For a typical large container ship sailing between China and Belgium, the study concludes that a strengthened set of 2030 emissions intensity targets for fuel would increase the cost of a pair of shoes by €0.27. A banana would cost €0.003 more, while shipping the average television would add “a maximum of 0.01% in price if all the costs are passed on to the final consumer,” the study finds.

In July 2021, the European Commission proposed a series of regulatory measures to support a 55% emissions reduction by 2030, compared to 1990 levels. The plan included a 6% GHG intensity reduction target for marine shipping that drew wide criticism from both industry and NGOs, Transport & Environment says.

Now, some legislators and EU member states are proposing to increase the target to 14%. The T&E study shows that more than doubling the sector’s emissions intensity reductions will have virtually no impact on the cost of goods.

To arrive at even the modest cost increases it estimated, the T&E study factored in a sub-quota renewable fuels of non-biological origin extended coverage to a wider range of CO2 emissions.

But even if a 0.01% increase in the cost of shoes or TVs is insubstantial to most consumers, T&E advises against passing of the buck to consumers. “Given the highest historical earnings of the container carriers, it can be assumed that part of these costs, even if insignificant, can be assumed by the shipping operators,” the study concludes.



in Air & Marine, Ending Emissions, Energy / Carbon Pricing & Economics, Supply Chains & Consumption, UK & Europe

The latest climate news and analysis, direct to your inbox

Subscribe

Related Posts

openthegovernment.org
United States

BREAKING: U.S. Senate Passes Historic $369B Climate Package

August 8, 2022
50
jasonwoodhead23/flickr
Energy Politics

Fossils Dismiss Federal Emissions Cap as ‘Aggressive’, ‘Unrealistic’

August 8, 2022
4
Early stages of construction on the Flamanville 3 nuclear reactor in France
Nuclear

Failing French Nuclear Plants Drive Up Electricity Costs as Heat Waves Cut Production

August 8, 2022
11

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Trending Stories

/MaxPixels

‘Substantial Damage’, No Injuries as Freight Train Hits Wind Turbine Blade

May 25, 2022
5.5k
openthegovernment.org

BREAKING: U.S. Senate Passes Historic $369B Climate Package

August 8, 2022
50
Noah Berger/flickr

Researchers Point To ‘Dangerously Unexplored’ Risk of Global Climate Catastrophe

August 2, 2022
569
François GOGLINS/wikimedia commons

Corrosion Problem Shutters Half of France’s Nuclear Reactors

August 2, 2022
1.2k
flickr

‘Big Wake-Up Call’ as Energy Crisis Makes Fossil Hydrogen a Bad Investment

July 20, 2022
997
/MaxPixels

‘Substantial Damage’, No Injuries as Freight Train Hit Wind Turbine Blade

December 22, 2021
653

Recent Posts

jasonwoodhead23/flickr

Fossils Dismiss Federal Emissions Cap as ‘Aggressive’, ‘Unrealistic’

August 8, 2022
4
Early stages of construction on the Flamanville 3 nuclear reactor in France

Failing French Nuclear Plants Drive Up Electricity Costs as Heat Waves Cut Production

August 8, 2022
11
https://creativecommons.org/licenses/by-sa/2.0/

Canadians Share Stories of Fear, Vulnerability from 2021 Heat Dome

August 7, 2022
6
Joseph Brent/Flickr

Green Hydrogen Will Cost Less than Fossil-Fuelled ‘Blue’, Shell CEO Admits

August 7, 2022
10
David Wilson/wikimedia commons

U.S. State Treasurers Use Public Office to Thwart Climate Action, Investigation Finds

August 7, 2022
6
Brian Jeffery Beggerly/Wikimedia Commons

China’s Latest Renewables Plan Could Bridge Global 1.5°C Gap, Expert Says

August 7, 2022
9
Next Post
Unsplash/Pixabay

European Banks Aren’t Factoring Climate Risk Into Lending Decisions, Regulator Warns

The Energy Mix

Copyright 2022 © Smarter Shift Inc. and Energy Mix Productions Inc. All rights reserved.

Navigate Site

  • About
  • Contact
  • Privacy Policy and Copyright
  • Cookie Policy

Follow Us

No Result
View All Result
  • Canada
  • UK & Europe
  • Fossil Fuels
  • Ending Emissions
  • Community Climate Finance
  • Clean Electricity Grid
  • Cities & Communities

Copyright 2022 © Smarter Shift Inc. and Energy Mix Productions Inc. All rights reserved.

Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}