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Reducing greenhouse gas emissions from international shipping: Is it time to consider market-based measures?

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  • Shi, Yubing

Abstract

International shipping carries around 80 per cent of global trade by volume and over 70 per cent by value. However, there is concern that the greenhouse gas (GHG) emissions from international shipping lead to adverse effects on climate, human health and marine ecosystems. Currently the international climate change regime under the United Nations Framework Convention on Climate Change (UNFCCC) process and the IMO through its Marine Environment Protection Committee are grappling with this issue, and GHG emissions from international shipping have been partially regulated by amendments to Annex VI to the International Convention for the Prevention of Pollution from Ships (MARPOL 73/78) in 2011 and 2014. These amendments aim to reduce GHG emissions from international shipping by means of technical and operational measures. However, research indicates that the adopted technical and operational measures alone would not achieve absolute emissions reduction due to projected growth of international seaborne trade. Currently it is still controversial whether it is time to consider market-based measures (MBMs) in furthering the reduction of shipping GHG emissions. This article examines whether it is necessary to adopt MBMs, proposes a preferred MBM, and suggests that a MBM be considered in or after 2016.

Suggested Citation

  • Shi, Yubing, 2016. "Reducing greenhouse gas emissions from international shipping: Is it time to consider market-based measures?," Marine Policy, Elsevier, vol. 64(C), pages 123-134.
    • Handle: RePEc:eee:marpol:v:64:y:2016:i:c:p:123-134
    DOI: 10.1016/j.marpol.2015.11.013
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    Cited by:

    1. Nelson, Ewan & Warren, Peter, 2020. "UK transport decoupling: On track for clean growth in transport?," Transport Policy, Elsevier, vol. 90(C), pages 39-51.
    2. I. Mallidis & S. Despoudi & R. Dekker & E. Iakovou & D. Vlachos, 2020. "The impact of sulphur limit fuel regulations on maritime supply chain network design," Annals of Operations Research, Springer, vol. 294(1), pages 677-695, November.
    3. Maxim A. Dulebenets & Junayed Pasha & Olumide F. Abioye & Masoud Kavoosi, 2021. "Vessel scheduling in liner shipping: a critical literature review and future research needs," Flexible Services and Manufacturing Journal, Springer, vol. 33(1), pages 43-106, March.
    4. Jiali Zheng & Han Qiao & Shouyang Wang, 2017. "The Effect of Carbon Tax in Aviation Industry on the Multilateral Simulation Game," Sustainability, MDPI, vol. 9(7), pages 1-24, July.
    5. Monios, Jason & Ng, Adolf K.Y., 2021. "Competing institutional logics and institutional erosion in environmental governance of maritime transport," Journal of Transport Geography, Elsevier, vol. 94(C).
    6. Morten Simonsen & Hans Jakob Walnum & Stefan Gössling, 2018. "Model for Estimation of Fuel Consumption of Cruise Ships," Energies, MDPI, vol. 11(5), pages 1-29, April.
    7. Anastasia Christodoulou & Kevin Cullinane, 2021. "Potential for, and drivers of, private voluntary initiatives for the decarbonisation of short sea shipping: evidence from a Swedish ferry line," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 23(4), pages 632-654, December.
    8. Anastasia Christodoulou & Kevin Cullinane, 0. "Potential for, and drivers of, private voluntary initiatives for the decarbonisation of short sea shipping: evidence from a Swedish ferry line," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 0, pages 1-23.
    9. Gong, Xiaoxing & Wu, Xiaofan & Luo, Meifeng, 2019. "Company performance and environmental efficiency: A case study for shipping enterprises," Transport Policy, Elsevier, vol. 82(C), pages 96-106.
    10. Wu, Lingxiao & Wang, Shuaian & Laporte, Gilbert, 2021. "The Robust Bulk Ship Routing Problem with Batched Cargo Selection," Transportation Research Part B: Methodological, Elsevier, vol. 143(C), pages 124-159.
    11. Patrizia Serra & Gianfranco Fancello, 2020. "Towards the IMO’s GHG Goals: A Critical Overview of the Perspectives and Challenges of the Main Options for Decarbonizing International Shipping," Sustainability, MDPI, vol. 12(8), pages 1-32, April.
    12. Kevin Cullinane & Hercules Haralambides, 2021. "Global trends in maritime and port economics: the COVID-19 pandemic and beyond," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 23(3), pages 369-380, September.
    13. Sheng, Yu & Shi, Xunpeng & Su, Bin, 2018. "Re-analyzing the economic impact of a global bunker emissions charge," Energy Economics, Elsevier, vol. 74(C), pages 107-119.
    14. Sotiria Lagouvardou & Harilaos N. Psaraftis & Thalis Zis, 2020. "A Literature Survey on Market-Based Measures for the Decarbonization of Shipping," Sustainability, MDPI, vol. 12(10), pages 1-23, May.
    15. Harilaos N. Psaraftis & Thalis Zis, 2021. "Impact assessment of a mandatory operational goal-based short-term measure to reduce GHG emissions from ships: the LDC/SIDS case study," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 21(3), pages 445-467, September.
    16. Xing, Hui & Spence, Stephen & Chen, Hua, 2020. "A comprehensive review on countermeasures for CO2 emissions from ships," Renewable and Sustainable Energy Reviews, Elsevier, vol. 134(C).
    17. Ghaforian Masodzadeh, Peyman & Ölçer, Aykut I. & Ballini, Fabio & Christodoulou, Anastasia, 2022. "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," Transport Policy, Elsevier, vol. 118(C), pages 123-142.
    18. Gu, Yewen & Wallace, Stein W. & Wang, Xin, 2018. "Can an Emission Trading Scheme really reduce CO2 emissions in the short term? Evidence from a maritime fleet composition and deployment model," Discussion Papers 2018/10, Norwegian School of Economics, Department of Business and Management Science.
    19. Anastasia Christodoulou & Dimitrios Dalaklis & Aykut I. Ölçer & Peyman Ghaforian Masodzadeh, 2021. "Inclusion of Shipping in the EU-ETS: Assessing the Direct Costs for the Maritime Sector Using the MRV Data," Energies, MDPI, vol. 14(13), pages 1-20, June.
    20. Theodoros Syriopoulos & Efthymios Roumpis & Michael Tsatsaronis, 2023. "Hedging Strategies in Carbon Emission Price Dynamics: Implications for Shipping Markets," Energies, MDPI, vol. 16(17), pages 1-27, September.
    21. Trivyza, Nikoletta L. & Rentizelas, Athanasios & Theotokatos, Gerasimos, 2019. "Impact of carbon pricing on the cruise ship energy systems optimal configuration," Energy, Elsevier, vol. 175(C), pages 952-966.
    22. Yi-Hui Liao & Hsuan-Shih Lee, 2023. "Using a Directional Distance Function to Measure the Environmental Efficiency of International Liner Shipping Companies and Assess Regulatory Impact," Sustainability, MDPI, vol. 15(4), pages 1-13, February.
    23. Yifan Wang & Laurence A. Wright, 2021. "A Comparative Review of Alternative Fuels for the Maritime Sector: Economic, Technology, and Policy Challenges for Clean Energy Implementation," World, MDPI, vol. 2(4), pages 1-26, October.
    24. ben Brahim, Till & Wiese, Frauke & Münster, Marie, 2019. "Pathways to climate-neutral shipping: A Danish case study," Energy, Elsevier, vol. 188(C).

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