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Port of Rotterdam CEO Suggests Joint European CO2 Price

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The Port of Rotterdam Authority is calling on the Dutch Government to form a coalition with countries in North-West Europe to introduce a joint CO2 price.

At the port authority’s Energy in Transition Summit 2018, Port Authority CEO, Allard Castelein, put forward a case for much higher CO2 price in conjunction with a new industrial policy for the Netherlands.

The port authority also revealed the results of the CO2 impact of marine and inland shipping, announcing that it would introduce an incentive of almost US$ 6.2 million (€ 5 million) to support vessel owners and charterers that experiment with low-carbon or zero-carbon fuels to promote climate-friendly maritime shipping.

Castelein wants a significantly higher CO2 price to stimulate new investments in clean technologies and innovation.

Read the 'Rotterdam and IBM: Building the Port of the Future' technical paper to learn about the developments IBM is making to the ports and shipping sector

He said: “A price in the range of 50-70 euros [61-86 dollars] 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.

“I don’t support a solo approach, such as that of the UK with electricity production.

“As a transit country, the Netherlands is closely linked to the countries that surround it.

“A North-West European coalition would guarantee a level playing field for the industry.”

Read more: The Port of Rotterdam Authority has started constructing the infrastructure for the Container Exchange Route

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