IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v14y2022i21p14405-d962174.html
   My bibliography  Save this article

A Review of Economic Incentives to Promote Decarbonization Alternatives in Maritime and Inland Waterway Transport Modes

Author

Listed:
  • Clara Paola Camargo-Díaz

    (Cotecmar, Cartagena 130001, Colombia)

  • Edwin Paipa-Sanabria

    (Cotecmar, Cartagena 130001, Colombia)

  • Julian Andres Zapata-Cortes

    (School of Management, Fundación Universitaria CEIPA, Sabaneta 055450, Colombia)

  • Yamileth Aguirre-Restrepo

    (Facultad de Ingeniería, Universidad de Cartagena, Cartagena 130014, Colombia)

  • Edgar Eduardo Quiñones-Bolaños

    (Facultad de Ingeniería, Universidad de Cartagena, Cartagena 130014, Colombia)

Abstract

Public policies and economic incentives are widely used as a strategy to stimulate the use of green technologies and low-emission practices in the waterborne transport sector. Since the Paris Agreement, countries have been encouraged to implement more strategies to reduce greenhouse gas emissions and to build resilience against climate change impacts in developing countries. This article presents a literature review on policies, regulations, and programs that represent economic incentives to promote alternatives to decarbonize maritime and inland waterway transport in sixteen countries, including Colombia. More than one hundred thirty sources of information were reviewed, including official portals of governments, port authorities and organizations, and scientific articles; therefore, the incentives found were grouped into three categories: project financing, differentiated port tariffs, and incentives to cover onshore power service fees. As a result of this review, it was found that differentiated port tariffs were the most common type of incentive. Finally, the specific case of Colombia was analyzed, which provides a deeper perspective of current policies and measures aimed at encouraging the decarbonization of waterborne transport and compares them with the international panorama.

Suggested Citation

  • Clara Paola Camargo-Díaz & Edwin Paipa-Sanabria & Julian Andres Zapata-Cortes & Yamileth Aguirre-Restrepo & Edgar Eduardo Quiñones-Bolaños, 2022. "A Review of Economic Incentives to Promote Decarbonization Alternatives in Maritime and Inland Waterway Transport Modes," Sustainability, MDPI, vol. 14(21), pages 1-20, November.
  • Handle: RePEc:gam:jsusta:v:14:y:2022:i:21:p:14405-:d:962174
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/14/21/14405/pdf
    Download Restriction: no

    File URL: https://www.mdpi.com/2071-1050/14/21/14405/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Winkel, R. & Weddige, U. & Johnsen, D. & Hoen, V. & Papaefthimiou, S., 2016. "Shore Side Electricity in Europe: Potential and environmental benefits," Energy Policy, Elsevier, vol. 88(C), pages 584-593.
    2. Sorin Vasile Savu & Robert Cristian Marin & Andrej David & Adrian Bebe Olei & Ilie Dumitru & Daniela Tarnita & Andrea Maternova & Ionel Dănuț Savu, 2022. "Reducing NOx Emissions through Microwave Heating of Aftertreatment Systems for Sustainable Transport in the Inland Waterway Sector," Sustainability, MDPI, vol. 14(7), pages 1-17, March.
    3. Peterson K. Ozili, 2022. "Green finance research around the world: a review of literature," International Journal of Green Economics, Inderscience Enterprises Ltd, vol. 16(1), pages 56-75.
    4. Sara Picas & Pedro Reis & António Pinto & José Luís Abrantes, 2021. "Does Tax, Financial, and Government Incentives Impact Long-Term Portuguese SMEs’ Sustainable Company Performance?," Sustainability, MDPI, vol. 13(21), pages 1-16, October.
    5. Maja Perčić & Nikola Vladimir & Marija Koričan, 2021. "Electrification of Inland Waterway Ships Considering Power System Lifetime Emissions and Costs," Energies, MDPI, vol. 14(21), pages 1-25, October.
    6. Ozili, Peterson Kitakogelu, 2022. "Green finance research around the world: a review of literature," MPRA Paper 114899, University Library of Munich, Germany.
    7. Smith, Steven M., 2018. "Economic incentives and conservation: Crowding-in social norms in a groundwater commons," Journal of Environmental Economics and Management, Elsevier, vol. 90(C), pages 147-174.
    8. Woo, Jong-Kyun & Moon, Daniel S.H. & Lam, Jasmine Siu Lee, 2018. "The impact of environmental policy on ports and the associated economic opportunities," Transportation Research Part A: Policy and Practice, Elsevier, vol. 110(C), pages 234-242.
    9. Janos Lucian Breuer & Juri Scholten & Jan Christian Koj & Felix Schorn & Marc Fiebrandt & Remzi Can Samsun & Rolf Albus & Klaus Görner & Detlef Stolten & Ralf Peters, 2022. "An Overview of Promising Alternative Fuels for Road, Rail, Air, and Inland Waterway Transport in Germany," Energies, MDPI, vol. 15(4), pages 1-65, February.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Dong, Weiwei & Niu, XiaoQin & Nassani, Abdelmohsen A. & Naseem, Imran & Zaman, Khalid, 2024. "E-commerce mineral resource footprints: Investigating drivers for sustainable mining development," Resources Policy, Elsevier, vol. 89(C).
    2. Ana Luiza Carvalho Ferrer & Antonio Márcio Tavares Thomé, 2023. "Carbon Emissions in Transportation: A Synthesis Framework," Sustainability, MDPI, vol. 15(11), pages 1-28, May.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Maria V. Sigova & Igor K. Klyuchnikov & Oleg I. Klyuchnikov, 2024. "Sustainability and Security of Green Finance from the Multi-agent Games Perspective," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 1, pages 78-95, February.
    2. Lu, Xunfa & Huang, Nan & Mo, Jianlei & Ye, Zhitao, 2023. "Dynamics of the return and volatility connectedness among green finance markets during the COVID-19 pandemic," Energy Economics, Elsevier, vol. 125(C).
    3. Tang, Xiaobo & Yao, Xingyuan & Dai, Ruyi & Wang, Qian, 2024. "Does green matter for crowdfunding? International evidence," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 92(C).
    4. Ma, Hongmei, 2024. "Role of green innovation and green finance on green recovery: Analysis of natural resources rents," Resources Policy, Elsevier, vol. 89(C).
    5. Carbune Daniela Iulia Maria, 2024. "Romanian Banking System - Steps To A Sustainable Future," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 3, pages 206-214, June.
    6. Jing, Ruifeng & Liu, Ruizhi, 2024. "The impact of green finance on persistence of green innovation at firm-level: A moderating perspective based on environmental regulation intensity," Finance Research Letters, Elsevier, vol. 62(PB).
    7. Le Tran Ha Trang & Nguyen Thi Dieu Chi & Cao Thi Y Nhi & Dang Thi Thuy Hong, 2024. "Impact of green finance and environmental tax on sustainable development: Evidence from Vietnam," Environmental & Socio-economic Studies, Sciendo, vol. 12(3), pages 1-10.
    8. Mertzanis, Charilaos, 2023. "FinTech finance and social-environmental performance around the world," Finance Research Letters, Elsevier, vol. 56(C).
    9. Naima Lassoued & Imen Khanchel & Cyrine Khiari, 2024. "Pollution control bonds and overinvestment in utility companies: Does ownership matter?," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 51(2), pages 517-539, June.
    10. Chekani Nkwaira & Huibrecht Margaretha Van der Poll, 2024. "An Exposition of the Gap between Public Sector and Private Sector Participation in Green Finance," Risks, MDPI, vol. 12(7), pages 1-13, June.
    11. Xuelian Li & Tinghui Lu & Jyh-Horng Lin, 2022. "Bank Interest Margin and Green Lending Policy under Sunflower Management," Sustainability, MDPI, vol. 14(14), pages 1-15, July.
    12. Dr. Amolo Elvis Juma Amolo, PhD, 2024. "Green Financing for Sustainable Development in Infrastructure Projects in Kenya," International Journal of Research and Scientific Innovation, International Journal of Research and Scientific Innovation (IJRSI), vol. 11(8), pages 420-426, August.
    13. Helmi, Mohamad Husam & Elsayed, Ahmed H. & Khalfaoui, Rabeh, 2024. "The impact of geopolitical risk on sustainable markets: A quantile-time-frequency analysis," Finance Research Letters, Elsevier, vol. 64(C).
    14. Zhang, HongWei & Xie, Yuan, 2024. "Assessing natural resources, rebounding trends, digital economic structure and green recovery dynamics in China," Resources Policy, Elsevier, vol. 88(C).
    15. Mihaela Simionescu & Beáta Gavurová, 2023. "Pollution, income inequality and green finance in the new EU member states," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-11, December.
    16. Ma, Dan & Zhu, Yanjin & Yang, Yuhan, 2024. "How Green finance affects export production quality: Fresh evidence from China," Energy Economics, Elsevier, vol. 131(C).
    17. Backstrom, Jesse, 2019. "Strategic Reporting and the Effects of Water Use in Hydraulic Fracturing on Local Groundwater Levels in Texas," Center for Growth and Opportunity at Utah State University 307177, Center for Growth and Opportunity.
    18. Johannes Schaffert, 2022. "Progress in Power-to-Gas Energy Systems," Energies, MDPI, vol. 16(1), pages 1-9, December.
    19. Hanyu Lu & Lufei Huang, 2021. "Optimization of Shore Power Deployment in Green Ports Considering Government Subsidies," Sustainability, MDPI, vol. 13(4), pages 1-14, February.
    20. 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).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:14:y:2022:i:21:p:14405-:d:962174. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.