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Sir Philip Lowe, pictured when he was director general for energy at the European Commission, now says he does not favour regulation above market mechanisms. Photo: European Commission

Market mechanisms better to cut shipping emissions, says former European regulator

Coalition with customers around realistic strategies is best way to decarbonise shipping, say speakers at ICS webinar on the fourth propulsion revolution

14 January 2021 11:46 GMT Updated 14 January 2021 12:12 GMT

By Paul Berrill

in London

A coalition with customers around a clear road map to market-based decarbonisation measures is preferable to regulation

Regulation

Market mechanisms better to cut shipping emissions, says former European regulator