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Figure 3
“Do you believe that the introduction of the EU ETS is a sufficient measure for
the faster adoption of green technologies by the shipping industry?”
participants considering it the most impor-
tant challenge, given that the investments
required to reduce ships’ environmental
footprint are large-scale and, for the time
being, the burden of these costs largely falls
on shipowning companies.
Only one participant considers the “inade-
quate legislative framework” the most signif-
icant challenge for achieving the industry’s
goal of green shipping. Finally, based on the
participants’ responses, the “lack of funding
No, the EU ETS will simply be an additional and financial incentives” is considered the
transportation cost least significant challenge, with none of the
56% participants choosing it as their answer.

EU ETS: A sufficient measure for the faster
adoption of green technologies?
The EU ETS has been heavily criticised in
recent years, not only under the assump-
tion that it is inefficiently designed but also
because it constitutes a regional measure,
thereby distorting competition between
companies that trade with European import-
ers and exporters and those that do not. The
criticism is also based on the fact that tran-
shipments have increased in many ports,
such as those in North Africa.
In this context, participants were asked to
express their views on the effectiveness of
the EU ETS in achieving what it has prom-
ised, namely, to accelerate the adoption of
alternative fuels and green technologies in
shipping.
Most participants believe that the EU ETS is
It’s too soon to tell what the full impact of the EU ETS not capable of fulfilling its promises. In par-
implementation will be ticular, 56% of the participants think it will
29% simply be an additional transportation cost,
and it remains unclear who will ultimately
bear this cost, though the focus is clearly on
the end consumer.
29% of the participants believe that it is too
soon to tell what the full impact of the EU
ETS will be and whether it is a beneficial
measure or not, while the remaining 15%
claim it is indeed a measure that will encour-
age shipowners to turn to more environmen-
Yes, the EU ETS will encourage shipowners to turn to more tally friendly solutions.
environmentally friendly emission reduction solutions It is worth noting that the distribution of
15% respondents based on their answers to the
question regarding the “main challenge
faced by the shipping industry in terms of
its green transition goal” does not change
when only the answers of those who deem
the EU ETS an ineffective measure are taken
into account.

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