The shipping industry under the EU Green Deal: An Input-Output impact analysis

Srishti Goyal and Maria Llop

Transportation Research Part A: Policy and Practice, 2024, vol. 182, issue C

Abstract: In 2021, the European Commission introduced the ‘Fit for 55’ package, a set of policies aimed at reducing greenhouse gas (GHG) emissions by at least 55% by the year 2030. This initiative, aligned with the European Green Deal, seeks to make Europe a climate-neutral continent by 2050. A pivotal aspect of ‘Fit for 55’ is the proposed extension of the European Union Emissions Trading System (EU ETS) to the shipping industry. According to the European Commission, water transport accounts for 2.5% of global GHG emissions, while the shipping industry accounts for 13% of the EU’s GHG emissions from transportation.

Keywords: Shipping Industry; Carbon Emissions; Green Mobility; European Union Emissions Trading System; Leontief Price Model; Environmental Input-Output Model (search for similar items in EconPapers)
JEL-codes: D57 F15 F18 Q56 Q58 R41 (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (1)

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DOI: 10.1016/j.tra.2024.104035

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