New study argues an incentive for shipowners is legal, enforceable, and effective

A study published this week by the Dutch economic consultancy Profundo argues that a financial measure to ensure the green recycling of ships controlled by the EU is not only legally defensible but is necessary.

It comes just as the European Parliament is starting to grapple with the issue.

The report provides three different alternative models: a fund financed by shipowners through taxes levied at EU ports, a ship life insurance scheme, and a savings account coupled to a transitional fund specifically aimed at financing the recycling of older ships.