Capped steam ahead: A case study among ship operators on a maritime ETS

Simon Koesler, Martin Achtnicht and Jonathan Köhler

No 12-044, ZEW Discussion Papers from ZEW - Leibniz Centre for European Economic Research

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 knock-out criterion why a cap-andtrade 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; international shipping; maritime emissions (search for similar items in EconPapers)
JEL-codes: L91 Q54 Q58 R48 (search for similar items in EconPapers)
Date: 2012
New Economics Papers: this item is included in nep-ene and nep-env
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:zewdip:12044

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