Course set for a cap? A case study among ship operators on a maritime ETS

Simon Koesler, Martin Achtnicht and Jonathan Köhler

Transport Policy, 2015, vol. 37, issue C, 20-30

Abstract: International shipping is an important emitter of greenhouse gases. The International Maritime Organization (IMO) is discussing different approaches to reduce maritime CO2 emissions, in particular market-based mechanisms. In this paper, we assess potential implications of a maritime emission trading scheme (ETS) on the organisation and operations of shipping companies, primarily on the basis of a case study involving ship operators. Our results suggest that there is no major reason why a cap-and-trade approach should not work in the shipping sector in practice. A maritime ETS has the potential to engage this sector into cost-efficient emission reduction if designed to account for the special characteristics of the international shipping industry.

Keywords: Emission trading scheme (ETS); International shipping; Maritime emissions (search for similar items in EconPapers)
JEL-codes: L91 Q54 Q58 R48 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (14)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:trapol:v:37:y:2015:i:c:p:20-30

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DOI: 10.1016/j.tranpol.2014.10.009

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