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Ricardo-AEA provided technical support to the European Commission in assessing the environmental, social and economic impacts of policy proposals to reduce GHG emissions from the international shipping sector.
Despite some recent progress in the IMO negotiations with respect to technical measures for new ships, the emissions of existing vessels are still not regulated. At the European level, a range of targets have been set concerning economy-wide GHG emission reductions. International shipping is the only sector not included in EU level GHG reduction targets. The modelling projections developed for this project show that under the baseline scenario CO2 emissions from European maritime transport would increase by over 50% between 2010 and 2050. As such, there is a pressing need to take action to control the growing GHG emissions from the international maritime sector.