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Economic Impact of the Application of the ETS to European Ports: Analysis of Different Scenarios

Author

Listed:
  • Javier Vaca-Cabrero

    (Department of Transport, Territorial and Urban Planning Engineering, Universidad Politécnica de Madrid, C/Porfesor Aranguren 3, 28040 Madrid, Spain)

  • Nicoletta González-Cancelas

    (Department of Transport, Territorial and Urban Planning Engineering, Universidad Politécnica de Madrid, C/Porfesor Aranguren 3, 28040 Madrid, Spain)

  • Alberto Camarero-Orive

    (Department of Transport, Territorial and Urban Planning Engineering, Universidad Politécnica de Madrid, C/Porfesor Aranguren 3, 28040 Madrid, Spain)

  • María Magdalena Esteban-Infantes Corral

    (Ingeniería y Economía del Transporte S.M.E. M.P., S.A. (INECO), P.º de La Habana, 138, 28036 Madrid, Spain)

  • Stefano Ricci

    (Transport Area, Sapienza Universita di Roma, 00185 Rome, Italy)

Abstract

The fight against climate change is one of the main global challenges of our time, and the European Union (EU) seeks to achieve climate neutrality and energy transition for the continent by 2050 through various policies. This research studies the economic implications of the EU Emissions Trading System (ETS) on European ports. By analysing various maritime scenarios, the study assesses how the ETS influences shipping routes, port competitiveness, and overall economic activity. A key finding is that the ETS imposes significant additional costs on shipping companies, which could lead to adjustments in routes and a shift in cargo volumes to ports in regions with less stringent environmental regulations. This could result in job losses in European port communities and reduce the competitiveness of European ports. In addition, the potential for carbon leakage, where shipping activities are simply relocated to regions with fewer emission controls, is explored.

Suggested Citation

  • Javier Vaca-Cabrero & Nicoletta González-Cancelas & Alberto Camarero-Orive & María Magdalena Esteban-Infantes Corral & Stefano Ricci, 2024. "Economic Impact of the Application of the ETS to European Ports: Analysis of Different Scenarios," Sustainability, MDPI, vol. 16(23), pages 1-15, November.
    • Handle: RePEc:gam:jsusta:v:16:y:2024:i:23:p:10433-:d:1531965
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    References listed on IDEAS

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