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The shipping industry under the EU Green Deal: An Input-Output impact analysis

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  • Goyal, Srishti
  • Llop, Maria

Abstract

In 2021, the European Commission introduced the ‘Fit for 55’ package, a set of policies aimed at reducing greenhouse gas (GHG) emissions by at least 55% by the year 2030. This initiative, aligned with the European Green Deal, seeks to make Europe a climate-neutral continent by 2050. A pivotal aspect of ‘Fit for 55’ is the proposed extension of the European Union Emissions Trading System (EU ETS) to the shipping industry. According to the European Commission, water transport accounts for 2.5% of global GHG emissions, while the shipping industry accounts for 13% of the EU’s GHG emissions from transportation.

Suggested Citation

  • Goyal, Srishti & Llop, Maria, 2024. "The shipping industry under the EU Green Deal: An Input-Output impact analysis," Transportation Research Part A: Policy and Practice, Elsevier, vol. 182(C).
    • Handle: RePEc:eee:transa:v:182:y:2024:i:c:s0965856424000831
    DOI: 10.1016/j.tra.2024.104035
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    Keywords

    Shipping Industry; Carbon Emissions; Green Mobility; European Union Emissions Trading System; Leontief Price Model; Environmental Input-Output Model;
    All these keywords.

    JEL classification:

    • R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise
    • F15 - International Economics - - Trade - - - Economic Integration
    • F18 - International Economics - - Trade - - - Trade and Environment
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
    • D57 - Microeconomics - - General Equilibrium and Disequilibrium - - - Input-Output Tables and Analysis

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