News / Pricing deterrents have 'negligible impact' on shipping emissions, says study

© Elnur

Transport and Environment (T&E) has urged regulatory bodies to adopt “bespoke action” in reducing shipping emissions, after a study released today found pricing deterrents were having “negligible impact”.  

T&E commissioned the study to assess the relationship between fuel prices and technical and operational efficiency over three decades, but it found “no clear relationship between the two”. 

“Policymakers in the European Union (EU) and the International Maritime Organization (IMO) argue that the higher prices that result from emissions pricing and fuel standards ...