Alternative frameworks for cost-effectiveness analysis of environmental policies in maritime transport

Paula C. Pereda and Andrea Lucchesi ()
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Paula C. Pereda: University of Sao Paulo
Andrea Lucchesi: University of Sao Paulo

Maritime Economics & Logistics, 2022, vol. 24, issue 3, No 7, 630-650

Abstract: Abstract New rules and regulations in the maritime sector are under discussion to reduce GHG emissions. Decision-makers are keen to understand the effects of such policies, to choose the more cost-effective ways to reduce emissions from ships. In this paper, we propose two alternative frameworks, based on a global and integrated perspective, to assess the cost-effectiveness of the policies under discussion and, therefore, to contribute to this debate. We use two possible mitigation actions as examples: fuel tax adoption and speed reduction. We also present the most utilized partial equilibrium models (based on trade models) and general equilibrium models to evaluate economic and environmental effects of policies. We also indicate the necessary components to develop a specific general equilibrium model for environmental policy evaluation in the maritime sector. Finally, we compare the advantages and disadvantages of each approach and present ways to calculate the relevant indicators to support the decisions on the best policies to be implemented.

Keywords: Maritime transport; Mitigation actions; Policy evaluation; Regression analysis; General equilibrium models; Cost–benefit analysis (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (2)

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DOI: 10.1057/s41278-022-00229-7

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