Carbon pricing options for maritime emissions
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Keywords
Green house gas ; Market based measures ; EU ETS ; FuelEU ; MACCs ; Cap-and-trade ; Carbon tax ; Levy ; EU MRV ; Well-to-wake ; Carbon intensityAbstract
This research thoroughly examines the potential and implications of diverse carbon pricing strategies within the maritime shipping industry, a sector significantly contributing to global CO2 emissions. Considering the international scope of shipping, establishing a globally recognized and consistent carbon pricing mechanism poses numerous challenges, yet offers considerable opportunities. This paper navigates through the existing regulatory framework, recently adopted regulations and proposals, as well as prospective market-based mechanisms, providing an analysis of their unique features and mutual disparities.
In-depth insight is drawn around the newly introduced EU Emissions Trading Scheme and the FuelEU maritime regulation, both implemented by the EU – a prominent regional policymaker. The study scrutinizes various dimensions of these MBMs and their consequential impacts on the maritime industry, as well as referencing the experiences of these mechanisms within other sectors and geographic jurisdictions. Further considerations are also raised around determining carbon price levels, identifying who bears the cost burden, and understanding the generation of new revenue streams.
Findings suggest that although no singular solution is universally applicable, a well-structured carbon pricing mechanism possesses the potential to not only decrease emissions but also incentivize technological advancement and efficiency within the shipping sector. The research stresses the imperative need for international cooperation and stringent regulation to guarantee the effectiveness of such a scheme.
By contributing to the emerging knowledge base surrounding the role of MBMs in decarbonizing the global shipping sector, this research serves as a valuable resource for various stakeholders in the maritime industry. It assists in better understanding the potential of various MBMs for shipping and provides guidance in transitioning towards sustainable strategies.
Postgraduate Studies Programme
ΔΠΜΣ στη Διοίκηση στη Ναυτική Επιστήμη και ΤεχνολογίαDepartment
Σχολή Ναυτιλίας και Βιομηχανίας. Τμήμα Ναυτιλιακών ΣπουδώνCorporate Department
Σχολή Ναυτικών ΔοκίμωνNumber of pages
97Language
EnglishCollections
Except where otherwise noted, this item's license is described as
Αναφορά Δημιουργού-Μη Εμπορική Χρήση-Όχι Παράγωγα Έργα 3.0 Ελλάδα
Αναφορά Δημιουργού-Μη Εμπορική Χρήση-Όχι Παράγωγα Έργα 3.0 Ελλάδα