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Sailing into a dilemma: An economic and legal analysis of an EU trading scheme for maritime emissions

Claudia Hermeling, Jan Henrik Klement, Simon Koesler, Jonathan Köhler and Dorothee Klement

No 14-021, ZEW Discussion Papers from ZEW - Leibniz Centre for European Economic Research

Abstract: On the basis of a joint economic and legal analysis, we evaluate the effects of a 'regional' (European) emission trading scheme aiming at reducing emissions of international shipping. The focus lies on the question which share of emissions from maritime transport activities to and from the EU can and should be included in such a system. Our findings suggest that the attempt to implement an EU maritime ETS runs into a dilemma. It is not possible to design a system that achieves emission reductions in a cost efficient manner and is compatible with international law.

Keywords: emission trading; international shipping; maritime emissions; regional emission trading; international jurisdiction for emission trading schemes (search for similar items in EconPapers)
JEL-codes: L91 Q58 R48 (search for similar items in EconPapers)
Date: 2014
New Economics Papers: this item is included in nep-ene, nep-env, nep-eur, nep-law and nep-tre
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