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Building a sustainable and transferable sulphur emission free BSR
[Die Errichtung eines nachhaltigen und übertragbaren Ostseeraumes ohne Schwefelemissionen]

Author

Listed:
  • Gunnar Prause

    (Tallinn University of Technology
    Wismar University of Applied Sciences)

  • Eunice O. Olaniyi

    (Tallinn University of Technology
    Wismar University of Applied Sciences)

Abstract

The maritime industry is getting much attention owing to the current energy and climate crises. There are increasing discussions on sustainable maritime transport across the globe especially after the successful implementation of the sulphur regulations in the Baltic Sea Region (BSR). The world is now getting ready for the 2020 global sulphur cap suggesting that the energy transition outlook in the maritime sector is becoming clearer and there is no going back. Still, global energy consumption is growing at an alarming rate, and all hands must remain on deck to avert possible world crises. There are still questions related to clean shipping, waste management, clean fuel, decarbonisation of fuel and greenhouse associated with global warming. What are the expected hurdles of a complete transition to a complete clean maritime transport industry? Can the world achieve total integration of this policy to contribute to environmental protection? The study investigates the effect of both public and private cost of environmental governance in the maritime sector and evaluates the budding orchestration of green/clean shipping initiatives to activate regulatory policies using the Sulphur Emission Control Area (SECA) regulation in the Baltic state region, its state of the art, coordination and cost. The study further addresses the gaps in the present and future development of regulation compliance focussing on their design, monitoring and control to meet the global outlook for the 2020 global sulphur cap.

Suggested Citation

  • Gunnar Prause & Eunice O. Olaniyi, 2020. "Building a sustainable and transferable sulphur emission free BSR [Die Errichtung eines nachhaltigen und übertragbaren Ostseeraumes ohne Schwefelemissionen]," Sustainability Nexus Forum, Springer, vol. 28(1), pages 21-27, June.
    • Handle: RePEc:spr:sumafo:v:28:y:2020:i:1:d:10.1007_s00550-020-00500-6
    DOI: 10.1007/s00550-020-00500-6
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    References listed on IDEAS

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    1. Eunice Omolola Olaniyi & Laima Gerlitz, 2019. "LNG Maritime energy contracting model," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(1), pages 574-594, September.
    2. Eunice Omolola Olaniyi & Marti Viirmäe, 2016. "The Economic Impact of Environmental Regulations on a Maritime Fuel Production Company," Research in Economics and Business: Central and Eastern Europe, Tallinn School of Economics and Business Administration, Tallinn University of Technology, vol. 8(2).
    3. Sina Atari & Yassine Bakkar & Eunice Omolola Olaniyi & Gunnar Prause, 2019. "Real options analysis of abatement investments for sulphur emission control compliance," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 6(3), pages 1062-1087, March.
    4. Gunnar Prause & Eunice Omolola Olaniyi, 2019. "A compliance cost analysis of the SECA regulation in the Baltic Sea," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 6(4), pages 1907-1921, June.
    5. Burel, Fabio & Taccani, Rodolfo & Zuliani, Nicola, 2013. "Improving sustainability of maritime transport through utilization of Liquefied Natural Gas (LNG) for propulsion," Energy, Elsevier, vol. 57(C), pages 412-420.
    6. Gu, Yewen & Wallace, Stein W., 2017. "Scrubber: a potentially overestimated compliance method for the Emission Control Areas - The importance of involving a ship's sailing pattern in the evaluation," Discussion Papers 2017/13, Norwegian School of Economics, Department of Business and Management Science.
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