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Port of Rotterdam Authority suggests North-West European coalition for joint CO2 price

 

The Port of Rotterdam Authority is calling on the Dutch government to form a coalition with countries in North-West Europe so that a joint CO2 price can be introduced. At the Port Authority’s Energy in Transition Summit 2018 on the RDM site in Rotterdam last week, the Port Authority CEO Mr Allard Castelein made a powerful case for a much higher CO2 price in conjunction with a new industrial policy for the Netherlands.

 

At the summit, the Port Authority also revealed the results of the CO2 impact of marine and inland shipping. It announced that it would introduce an incentive of € 5 million in total to support vessel owners and charterers that experiment with low-carbon or zero-carbon fuels to promote climate-friendly maritime shipping, said a release.

 

Mr Castelein hoped that a significantly higher CO2 price will stimulate new investments in clean technologies and innovation. "A price in the range of € 50-70 per ton of CO2 will stimulate companies to invest in solutions that we really need in order to realise the targets of the Paris Climate Agreement."

 

Source: Exim News Service - Rotterdam, April 15

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