A coalition with customers around a clear road map to market-based decarbonisation measures is preferable to regulation to achieve shipping's needed emission cuts.
That is the view of a former head of energy and competition at the European Commission.
“I am not immediately in favour of regulating. Ideally one should look for market-based mechanisms to achieve a result,” said Sir Philip Lowe, who is now a partner at economics advisory Oxera Consulting.
