Maritime commerce and climate change: how effective would a carbon tax on shipping be?
July 10, 2024
For aviation, the study examines the constraints and opportunities for implementing a tax on civil aviation fuel, , which could generate between 5.8 and 18 billion euros a year. These funds could support measures to adapt to climate change and encourage a transition to greener transport. The conclusions were incorporated into the recommendations for the Summit for a New Global Financial Pact in June 2023.
For maritime transport, the study examines the economic effects of a carbon tax, assessing its impact on trade flows, consumer purchasing power, and CO2 emissions. Three major conclusions emerge: the tax affects countries unfairly, penalising poorer countries more; it has little impact on reducing CO2 emissions; and the tax resources generated are much lower than the associated economic costs.
This analysis provides a quantitative basis for ongoing international discussions and negotiations.
