A compliance cost analysis of the SECA regulation in the Baltic Sea

Gunnar Prause () and Eunice Omolola Olaniyi ()
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Gunnar Prause: Tallinn University of Technology, Estonia
Eunice Omolola Olaniyi: Tallinn University of Technology, Estonia

Entrepreneurship and Sustainability Issues, 2019, vol. 6, issue 4, 1907-1921

Abstract: This paper measures and analyses the cost of sulphur emission control area (SECA) regulations that came into effect on the 1st of January 2015 in the BSR. Given the upcoming 2020 global sulphur directive, the role of the SECA regulatory costs analysis is vital in shaping global compliance. The specific measure of regulatory costs used the data of ship traffic in the BSR and their fuel consumption before and after the SECA implementation to estimate the change in shipping costs in the SECA area. The result indicates high costs, but not overly significant or negative as was predicted before the enforcement primarily because of the reduced cost of maritime fuel

Keywords: SECA regulation; costs of regulation; clean shipping; sustainability; global sulphur cap (search for similar items in EconPapers)
JEL-codes: G31 G32 L26 L98 M10 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ssi:jouesi:v:6:y:2019:i:4:p:1907-1921

DOI: 10.9770/jesi.2019.6.4(26)

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