Stop EU fossil tax subsidies to shipping
According to a new study by Transport & Environment (T&E), the EU gives more than EUR 24 billion per year in subsidies to the maritime sector in the form of fossil fuel tax exemptions under the European Energy Tax Directive (ETD) and national tax legislation. This is estimated based on national tax rates applicable to road diesel – used by trucks – in EU member states.
Including shipping in the EU Emissions Trading Scheme (ETS) would generate over EUR 3.6 billion/year in revenues, which can be reinvested into greening the EU economy, including the maritime sector. The price impact of the ETS on consumer goods will be insignificant, measured at a few euro cents, says T&E.
Source: T&E, 25 September 2019. The study: https://www.transportenvironment.org/publications/eu-shippings-€24bn-y...