Green Deal and financing sustainable transport in Europe: A target costing analysis

IF 6.3 2区工程技术 Q1 ECONOMICS Transport Policy Pub Date : 2025-03-01 Epub Date: 2025-01-11 DOI:10.1016/j.tranpol.2025.01.014

Yassine Bakkar , Eunice Bark , Gunnar Prause , Shajara Ul-Durar

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Abstract

This study investigates how Europe financed an efficient and environmentally friendly transport system and supported clean shipping investments from 2012 to 2021. Grounded in target costing theory, which aims to maximize a product's future success, this paper evaluates several green European financing pools and their effectiveness in facilitating the Green Deal transformation of the transport system. Utilizing a unique dataset from the Clean Shipping Project Platform, the results of this study indicate that Europe's environmental and financial support primarily stemmed from the European Investment Bank (EIB) which began backing green investments in 2010. The findings reveal a cautious yet significant contribution of the EIB towards climate protection in the shipping industry and identify challenges in financing smaller firms and innovative technologies thus emphasizing the need for strategic fund allocation to align with the EU's climate goals. These insights have critical policy implications for EU-based financing of European environmental policies prior to the proclamation of the Green Deal, which preceded the 2021–2028 budget period, as well as for the available climate funding mechanisms aimed at achieving the COP26 targets.

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绿色交易与欧洲可持续交通融资：目标成本分析

本研究调查了欧洲如何从2012年到2021年为高效环保的运输系统提供资金，并支持清洁航运投资。本文以目标成本计算理论为基础，旨在最大限度地提高产品的未来成功，评估了几个绿色欧洲融资池及其在促进绿色交易交通系统转型方面的有效性。利用清洁航运项目平台的独特数据集，本研究的结果表明，欧洲的环境和财政支持主要来自欧洲投资银行（EIB），该银行于2010年开始支持绿色投资。研究结果显示，欧洲投资银行对航运业的气候保护做出了谨慎但重要的贡献，并确定了为小企业和创新技术融资方面的挑战，从而强调了战略资金分配的必要性，以与欧盟的气候目标保持一致。这些见解对2021-2028年预算期之前的绿色协议宣布之前的欧盟环境政策融资以及旨在实现COP26目标的现有气候融资机制具有重要的政策意义。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Transport Policy Multiple-

CiteScore

12.10

自引率

10.30%

发文量

282

期刊介绍： Transport Policy is an international journal aimed at bridging the gap between theory and practice in transport. Its subject areas reflect the concerns of policymakers in government, industry, voluntary organisations and the public at large, providing independent, original and rigorous analysis to understand how policy decisions have been taken, monitor their effects, and suggest how they may be improved. The journal treats the transport sector comprehensively, and in the context of other sectors including energy, housing, industry and planning. All modes are covered: land, sea and air; road and rail; public and private; motorised and non-motorised; passenger and freight.