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Climate Policy: Analysis of Ecological, Technical and Economic Implications for International Maritime Transport

Author

Listed:
  • Sven Bode

    (Hamburg Institute of International Economics, Hamburg, Germany)

  • Jürgen Isensee

    (Hamburg Institute of International Economics, Hamburg, Germany)

  • Karsten Krause

    (Free and Hanseatic City of Hamburg, 20539, Germany)

  • Axel Michaelowa

    (Hamburg Institute of International Economics, Hamburg, Germany)

Abstract

In 1997, the 3rd conference of parties to the UN Framework Convention on Climate Change adopted the Kyoto Protocol as a consequence of increasing evidence of a manmade global warming of the atmosphere. Binding greenhouse gas emission reduction targets for industrialised countries were agreed upon. However, bunker fuel emissions from international shipping have so far been excluded from any commitment in the protocol. After looking at the magnitude of emissions from international shipping and likely trends, we make suggestions how shipping can be integrated into policies to control greenhouse gas emissions. The objective of policy instruments has to be the introduction of an effective and efficient stimulus for environmentally sound operational and technical improvements on existing and new ships. Consequently, the best solution would be for IMO to agree on a global shipping emissions target that would be comparable to targets of industrialised countries. However, for the time being, the introduction of a CDM type mechanism would be a promising step into the right direction.International Journal of Maritime Economics (2002) 4, 164–184. doi: 10.1057/palgrave.ijme.9100038

Suggested Citation

  • Sven Bode & Jürgen Isensee & Karsten Krause & Axel Michaelowa, 2002. "Climate Policy: Analysis of Ecological, Technical and Economic Implications for International Maritime Transport," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 4(2), pages 164-184, June.
    • Handle: RePEc:pal:marecl:v:4:y:2002:i:2:p:164-184
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    Cited by:

    1. Tsunehiro Sekimoto, 2003. "Applicability of CDM to civil engineering projects case study on reduction of CO 2 emission by port extension," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 8(3), pages 311-322, September.
    2. Heitmann, Nadine & Khalilian, Setareh, 2010. "Accounting for CO2 emissions from international shipping: Burden sharing under different UNFCCC allocation options and regime scenarios," Kiel Working Papers 1655, Kiel Institute for the World Economy (IfW Kiel).
    3. Lee, Tsung-Chen & Chang, Young-Tae & Lee, Paul T.W., 2013. "Economy-wide impact analysis of a carbon tax on international container shipping," Transportation Research Part A: Policy and Practice, Elsevier, vol. 58(C), pages 87-102.
    4. Fei Peng & Lili Kang & Taoxiong Liu & Jia Cheng & Luxiao Ren, 2020. "Trade Agreements and Global Value Chains: New Evidence from China’s Belt and Road Initiative," Sustainability, MDPI, vol. 12(4), pages 1-24, February.

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