The Port of Rotterdam Authority has called for the formation of a coalition between the Dutch Government and countries in the North-West of Europe, in order to introduce a higher CO2 price.
Alongside this, the Port also announced the introduction of a EUR 5 million incentive, which will be used to support vessel owners that experiment with low-carbon or zero-carbon fuels.
Rotterdam's Moerdijk port has committed to reducing CO2 by 20 million tonnes per year as of 2030, as part of the country's Climate Agreement.
Allard Castelein, Port Authority CEO, hopes that a significantly higher CO2 price, alongside the EUR 5 million incentive, will encourage new investment in clean maritime technologies to help achieve this goal.
As reported in World Maritime News, Castelein said that “A price in the range of EUR 50-70 per ton of CO2 will stimulate companies to invest in solutions that we really need in order to realise the targets of the Paris Climate Agreement,” adding that “a North-West European coalition would guarantee a level playing field for the industry.”