How to bridge the short-term measures to the Market Based Measure? Proposal of a new hybrid MBM based on a new standard in ship operation

Peyman Ghaforian Masodzadeh, Aykut I. Ölçer, Fabio Ballini and Anastasia Christodoulou

Transport Policy, 2022, vol. 118, issue C, 123-142

Abstract: Over the past decade, the shipping industry has tried to reduce its carbon footprint; however, there have always been problems in enforcing and enacting energy regulations in shipping. By highlighting the complications in operational, technical, and data collection regulations, this study tries to offer solutions in the form of two hypotheses, first a new standard in ship operation and based on that a new hybrid MBM (Market Based Measure). The proposed ship operational standard and its indicator, operational KPI (O-KPI), aim to combine the energy management system in shipping companies with the operational measures onboard ships. A practical combination technique to combine this operational indicator (O-KPI) with technical index is recommended and the result is a new energy efficiency gauge which is the base for a novel hybrid MBM. The proposed MBM which is a differentiated levy shows how a bunker levy could be implemented smartly with more promising results. The functionality of the whole MBM mechanism is demonstrated through a hypothetical example. Finally, this study shows how the proposed mechanism could supplement the implementation of the short-term measures and bridge them to the most important medium-term measure which is MBM in shipping.

Keywords: Ship energy efficiency; Ship operational standard; Operational KPI; Short-term measures; Market based measure (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0967070X22000257
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:trapol:v:118:y:2022:i:c:p:123-142

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/supportfaq.cws_home/regional
https://shop.elsevie ... _01_ooc_1&version=01

DOI: 10.1016/j.tranpol.2022.01.019

Access Statistics for this article

Transport Policy is currently edited by Y. Hayashi

More articles in Transport Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().