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A Carbon Levy for International Maritime Fuels

Author

Listed:
  • Ian Parry
  • Dirk Heine
  • Kelley Kizzier
  • Tristan Smith

Abstract

The International Maritime Organization has pledged to reduce carbon emissions from the shipping industry by at least 50 percent below 2008 levels by midcentury. The next step is to design a strategy for implementing this commitment. A carbon levy for international maritime fuel is a critical component of this strategy because it provides across-the-board incentives for near-term mitigation, the robust price signal that is ultimately needed for deploying zero-emission vessels (ZEVs), and near-term funding for R & D and infrastructure investment for ZEVs. This article discusses the rationale for an international maritime carbon levy, key design and implementation issues, and the environmental impacts of such a levy.

Suggested Citation

  • Ian Parry & Dirk Heine & Kelley Kizzier & Tristan Smith, 2022. "A Carbon Levy for International Maritime Fuels," Review of Environmental Economics and Policy, University of Chicago Press, vol. 16(1), pages 25-41.
  • Handle: RePEc:ucp:renvpo:doi:10.1086/717961
    DOI: 10.1086/717961
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    Cited by:

    1. Felbermayr, Gabriel & Peterson, Sonja & Wanner, Joschka, 2022. "The impact of trade and trade policy on the environment and the climate: A review," Kiel Working Papers 2233, Kiel Institute for the World Economy (IfW Kiel).

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