Briefing

How to decarbonise the shipping industry

February 5, 2021

T&E supports the Commission’s initiative to develop a carbon pricing scheme for the maritime sector as it sends a clear signal to the market that polluters need to pay.

Crucially, the maritime ETS will raise revenues that will be essential for deploying sustainable zero-carbon technologies and fuels in shipping. As global shipping will require between $70-90 billion in annual investments over the next 20 years to fully decarbonise by 2050, a dedicated support scheme for the maritime sector should be set up. This T&E briefing outlines how this can be done.

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