The Port of Rotterdam Authority has set up a tendering process whereby initiators receive compensation if their activities reduce greenhouse gas emissions in the port area.
The essence of ‘Carbonbid’, as the process is called, is that it supports projects that reduce the most CO2 equivalent at the lowest cost.
The outcome of the first Carbonbid process is that eight projects will together reduce emissions in the port area by 575,000 tonnes of CO2e, for which the Port Authority will pay EUR€3.5 million over a period of four years. That is an average of EUR€6 per tonne of CO2e.
Boudewijn Siemons, CEO of Port of Rotterdam Authority, stated they aim to use Carbonbid to persuade those parties to become more sustainable where necessary. Doing this through a tendering process will reduce the most CO2 at the lowest cost.
The Port of Rotterdam Authority has deliberately chosen to only allow projects that reduce emissions within the port area. Emissions covered by European CO2 emission allowances are also excluded, and there is a maximum amount per project, so that many different initiatives can be supported.
The Carbonbid tendering process consisted of several phases.
Of the 54 plans submitted, the Port Authority first assessed whether they met the conditions.
