The Port of Rotterdam Authority is calling on the Dutch Government to form a coalition with countries in North-West Europe so that a joint CO2 price can be introduced.
At the Port Authority’s “Energy in Transition Summit 2018” in Rotterdam, Port Authority CEO Allard Castelein made a case for a much higher CO2 price in conjunction with a new industrial policy for the Netherlands.
A price in the range of 50-70 euros per ton of CO2 will stimulate companies to invest in solutions that we really need in order to realize the targets of the Paris Climate Agreement.—Allard Castelein
Castelein hopes that a significantly higher CO2 price will stimulate new investments in clean technologies and innovation. The Port Authority also announced that it would introduce an incentive of in total €5 million to support vessel owners and charterers that experiment with low-carbon or zero-carbon fuels to promote climate-friendly maritime shipping.
The Rotterdam/Moerdijk port industrial area faces the challenge of reducing CO2 by 20 million tons per year as of 2030 (–49% compared to 1990). The Port Authority is convinced that this target can be realized as part of the national Climate Agreement.
The Port Authority also presented new research figures at the Energy in Transition Summit 2018. The study, done by the Wuppertal Institute, shows that marine and inland transport with Rotterdam as the destination or departure point is responsible for emissions of around 25 million tons of CO2 every year.
The majority of this amount (21.5 million tons) can be attributed to marine transport. To ensure that this sector also complies with the Paris Climate Agreement, emissions will have to be reduced by 95% by 2050. The first half of this target (up to 50%) can be achieved by efficiency measures, but the remainder will require the deployment of different fuels.
According to the Wuppertal Institute, in the coming decades LNG and biofuels can help shape the transition, but the ultimate goal can only be achieved with electrification and hydrogen and the use of synthetic fuels such as methanol.