acf domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/ecg/ecgassociationdev/wp-includes/functions.php on line 6121Transport & Environment — 2024-11-28
News from Brussels
The price sensitivity of efficiency in shipping
Many policy-makers in the European Union (EU) and the International Maritime Organization (IMO) argue that the higher prices that result from emissions pricing and fuel standards will lead to energy efficiency improvements and emissions reduction.
T&E commissioned CE Delft to study the relationship between fuel prices and technical and operational efficiency over three decades to find out to what extent shipping companies behave more efficiently either by ordering more efficiently designed ships or by operating more efficiently (using sailing speed as a proxy).
While the novel analysis on technical efficiency shows that shipping companies order slightly more efficient ships as a result of higher fuel prices (albeit with a time lag of around 6 years), the analysis found no clear relationship between higher fuel prices and better operational efficiency.
The results suggest that the only way to ensure energy efficiency improvements is with bespoke action. Policy-makers in the EU, IMO and other regions should therefore ensure their policy measures to reduce shipping emissions include concrete, explicit measures to improve energy efficiency.