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A Literature Survey on Market-Based Measures for the Decarbonization of Shipping

Author

Listed:
  • Sotiria Lagouvardou

    (Department of Technology, Management, and Economics, Technical University of Denmark, 2800 Kgs. Lyngby, Denmark)

  • Harilaos N. Psaraftis

    (Department of Technology, Management, and Economics, Technical University of Denmark, 2800 Kgs. Lyngby, Denmark)

  • Thalis Zis

    (Department of Technology, Management, and Economics, Technical University of Denmark, 2800 Kgs. Lyngby, Denmark)

Abstract

This paper aims to conduct an updated literature survey on the Market-Based Measures (MBMs) currently being proposed by various member states and organizations at the International Maritime Organization (IMO) or by the scientific and grey literature as a cost-effective solution to reduce greenhouse gas (GHG) emissions from ships. Τhe paper collects, summarizes, and categorizes the different proposals to provide a clear understanding of the existing discussions on the field and also identifies the areas of prior investigation in order to prevent duplication and to avoid the future discussion at the IMO to start from scratch. Relevant European Union (EU) action on MBMs is also described. Furthermore, the study identifies inconsistencies, gaps in research, conflicting studies, or unanswered questions that form challenges for the implementation of any environmental policy at a global level for shipping. Finally, by providing foundational knowledge on the topic of MBMs for shipping and by exploring inadequately investigated areas, the study addresses concrete research questions that can be investigated and resolved by the scientific and shipping community.

Suggested Citation

  • 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.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:10:p:3953-:d:356952
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    References listed on IDEAS

    as
    1. 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.
    2. Lindstad, Haakon & Asbjørnslett, Bjørn E. & Strømman, Anders H., 2011. "Reductions in greenhouse gas emissions and cost by shipping at lower speeds," Energy Policy, Elsevier, vol. 39(6), pages 3456-3464, June.
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    4. Halim,Ronald Apriliyanto & Smith,Tristan & Englert,Dominik Paul, 2019. "Understanding the Economic Impacts of Greenhouse Gas Mitigation Policies on Shipping : What Is the State of the Art of Current Modeling Approaches ?," Policy Research Working Paper Series 8695, The World Bank.
    5. Harilaos N. Psaraftis, 2019. "Decarbonization of maritime transport: to be or not to be?," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 21(3), pages 353-371, September.
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    9. Kevin Guerin, 2003. "Property Rights and Environmental Policy: A New Zealand Perspective," Treasury Working Paper Series 03/02, New Zealand Treasury.
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