IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v11y2019i18p5133-d268735.html
   My bibliography  Save this article

Monitoring the Carbon Footprint of Dry Bulk Shipping in the EU: An Early Assessment of the MRV Regulation

Author

Listed:
  • George Panagakos

    (Department of Technology, Management and Economy, Technical University of Denmark, 2800 Lyngby, Denmark)

  • Thiago de Sousa Pessôa

    (Department of Technology, Management and Economy, Technical University of Denmark, 2800 Lyngby, Denmark)

  • Nick Dessypris

    (Department of Hygiene, Epidemiology and Medical Statistics Medical School, National and Kapodistrian University of Athens, 11527 Athens, Greece)

  • Michael Bruhn Barfod

    (Department of Technology, Management and Economy, Technical University of Denmark, 2800 Lyngby, Denmark)

  • Harilaos N. Psaraftis

    (Department of Technology, Management and Economy, Technical University of Denmark, 2800 Lyngby, Denmark)

Abstract

Aiming at reducing CO 2 emissions from shipping at the EU level, a system for monitoring, reporting, and verification (MRV) of CO 2 emissions of ships was introduced in 2015 with the so-called ‘MRV Regulation’. Its stated objective was to produce accurate information on the CO 2 emissions of large ships using EU ports and to incentivize energy efficiency improvements by making this information publicly available. On 1 July 2019, the European Commission published the relevant data for 10,880 ships that called at EU ports within 2018. This milestone marked the completion of the first annual cycle of the regulation’s implementation, enabling an early assessment of its effectiveness. To investigate the value of the published data, information was collected on all voyages performed within 2018 by a fleet of 1041 dry bulk carriers operated by a leading Danish shipping company. The MRV indicators were then recalculated on a global basis. The results indicate that the geographic coverage restrictions of the MRV Regulation introduce a significant bias, thus prohibiting their intended use. Nevertheless, the MRV Regulation has played a role in prompting the IMO to adopt its Data Collection System that monitors ship carbon emissions albeit on a global basis.

Suggested Citation

  • George Panagakos & Thiago de Sousa Pessôa & Nick Dessypris & Michael Bruhn Barfod & Harilaos N. Psaraftis, 2019. "Monitoring the Carbon Footprint of Dry Bulk Shipping in the EU: An Early Assessment of the MRV Regulation," Sustainability, MDPI, vol. 11(18), pages 1-19, September.
  • Handle: RePEc:gam:jsusta:v:11:y:2019:i:18:p:5133-:d:268735
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/11/18/5133/pdf
    Download Restriction: no

    File URL: https://www.mdpi.com/2071-1050/11/18/5133/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. 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.
    2. Chi, Hongtao & Pedrielli, Giulia & Ng, Szu Hui & Kister, Thomas & Bressan, Stéphane, 2018. "A framework for real-time monitoring of energy efficiency of marine vessels," Energy, Elsevier, vol. 145(C), pages 246-260.
    3. Harilaos N. Psaraftis, 2016. "Green Maritime Transportation: Market Based Measures," International Series in Operations Research & Management Science, in: Harilaos N. Psaraftis (ed.), Green Transportation Logistics, edition 127, chapter 0, pages 267-297, Springer.
    4. Elizabeth Lindstad & Henning Borgen & Gunnar S. Eskeland & Christopher Paalson & Harilaos Psaraftis & Osman Turan, 2019. "The Need to Amend IMO’s EEDI to Include a Threshold for Performance in Waves (Realistic Sea Conditions) to Achieve the Desired GHG Reductions," Sustainability, MDPI, vol. 11(13), pages 1-17, July.
    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. Harilaos N. Psaraftis & Christos A. Kontovas, 2020. "Decarbonization of Maritime Transport: Is There Light at the End of the Tunnel?," Sustainability, MDPI, vol. 13(1), pages 1-16, December.
    2. Li, Qingqing & Shi, Jinbo & Ni, Kan & Wang, Ruohan & Zhang, Chongyi & Yang, Nan & Yang, Yifei & Shen, Yifan & Guo, Ru & Liao, Zhenliang, 2024. "A highly credible and efficient real-time carbon MRV + O system for delicacy management of distributed carbon abatement behaviors," Applied Energy, Elsevier, vol. 355(C).
    3. Monica Grosso & Fabio Luis Marques dos Santos & Konstantinos Gkoumas & Marcin Stępniak & Ferenc Pekár, 2021. "The Role of Research and Innovation in Europe for the Decarbonisation of Waterborne Transport," Sustainability, MDPI, vol. 13(18), pages 1-21, September.
    4. Amandine Godet & George Panagakos & Michael Bruhn Barfod, 2021. "Voluntary Reporting in Decarbonizing Container Shipping: The Clean Cargo Case," Sustainability, MDPI, vol. 13(15), pages 1-18, July.
    5. Gianandrea Mannarini & Mario Leonardo Salinas & Lorenzo Carelli & Alessandro Fassò, 2022. "How COVID-19 Affected GHG Emissions of Ferries in Europe," Sustainability, MDPI, vol. 14(9), pages 1-19, April.

    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. 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.
    2. 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.
    3. Jingwen Qi & Hans Wang & Jianfeng Zheng, 2022. "Promoting Liquefied Natural Gas (LNG) Bunkering for Maritime Transportation: Should Ports or Ships Be Subsidized?," Sustainability, MDPI, vol. 14(11), pages 1-16, May.
    4. Orestis Schinas & Niklas Bergmann, 2021. "The Short-Term Cost of Greening the Global Fleet," Sustainability, MDPI, vol. 13(16), pages 1-32, August.
    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. Harilaos N. Psaraftis & Christos A. Kontovas, 2020. "Decarbonization of Maritime Transport: Is There Light at the End of the Tunnel?," Sustainability, MDPI, vol. 13(1), pages 1-16, December.
    7. Anastasia Christodoulou & Kevin Cullinane, 2024. "The prospects for, and implications of, emissions trading in shipping," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 26(1), pages 168-184, March.
    8. Mäkitie, Tuukka & Steen, Markus & Saether, Erik Andreas & Bjørgum, Øyvind & Poulsen, René T., 2022. "Norwegian ship-owners' adoption of alternative fuels," Energy Policy, Elsevier, vol. 163(C).
    9. Mundaca, Gabriela & Strand, Jon & Young, Ian R., 2021. "Carbon pricing of international transport fuels: Impacts on carbon emissions and trade activity," Journal of Environmental Economics and Management, Elsevier, vol. 110(C).
    10. Wang, Kai & Xue, Yu & Xu, Hao & Huang, Lianzhong & Ma, Ranqi & Zhang, Peng & Jiang, Xiaoli & Yuan, Yupeng & Negenborn, Rudy R. & Sun, Peiting, 2022. "Joint energy consumption optimization method for wing-diesel engine-powered hybrid ships towards a more energy-efficient shipping," Energy, Elsevier, vol. 245(C).
    11. 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.
    12. 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.
    13. 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.
    14. ben Brahim, Till & Wiese, Frauke & Münster, Marie, 2019. "Pathways to climate-neutral shipping: A Danish case study," Energy, Elsevier, vol. 188(C).
    15. Jason Monios & Gordon Wilmsmeier, 2022. "Maritime governance after COVID-19: how responses to market developments and environmental challenges lead towards degrowth," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 24(4), pages 699-722, December.
    16. Harilaos N. Psaraftis, 2019. "Speed Optimization vs Speed Reduction: the Choice between Speed Limits and a Bunker Levy," Sustainability, MDPI, vol. 11(8), pages 1-18, April.
    17. Sandro Vidas & Marijan Cukrov & Valentina Šutalo & Smiljko Rudan, 2021. "CO 2 Emissions Reduction Measures for RO-RO Vessels on Non-Profitable Coastal Liner Passenger Transport," Sustainability, MDPI, vol. 13(12), pages 1-15, June.
    18. Mohamad Issa & Adrian Ilinca & Fahed Martini, 2022. "Ship Energy Efficiency and Maritime Sector Initiatives to Reduce Carbon Emissions," Energies, MDPI, vol. 15(21), pages 1-37, October.
    19. Pierre, Cariou & Francesco, Parola & Theo, Notteboom, 2019. "Towards low carbon global supply chains: A multi-trade analysis of CO2 emission reductions in container shipping," International Journal of Production Economics, Elsevier, vol. 208(C), pages 17-28.
    20. 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.

    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:11:y:2019:i:18:p:5133-:d:268735. 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.