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Impact analysis on shipping lines and European ports of a cap- and-trade system on CO 2 emissions in maritime transport

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  • Pierre Franc
  • Lisa Sutto

Abstract

The maritime transport sector still falls outside the scope of the mechanisms for the reduction of greenhouse gas (GHG) emissions established by the Kyoto Protocol. However, given the prospect of an increase in CO 2 emissions caused by shipping, the debate surrounding regulations relating to emissions in this sector is intensifying in several international fora. The International Maritime Organization and the European Union are discussing the introduction of a market-based measure for maritime transport. This article focuses on the principle of a cap-and-trade system and explores the potential impacts of the implementation of such a measure on the organisation of containerised shipping lines and European ports. To respond to these questions, different scenarios varying the scope for application and the degree of connection with other existing cap-and-trade markets have been constructed. The results demonstrate significant and differentiated effects between the various scenarios.

Suggested Citation

  • Pierre Franc & Lisa Sutto, 2014. "Impact analysis on shipping lines and European ports of a cap- and-trade system on CO 2 emissions in maritime transport," Maritime Policy & Management, Taylor & Francis Journals, vol. 41(1), pages 61-78, January.
    • Handle: RePEc:taf:marpmg:v:41:y:2014:i:1:p:61-78
    DOI: 10.1080/03088839.2013.782440
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    References listed on IDEAS

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    Cited by:

    1. 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.
    2. Sheng, Dian & Li, Zhi-Chun & Fu, Xiaowen & Gillen, David, 2017. "Modeling the effects of unilateral and uniform emission regulations under shipping company and port competition," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 101(C), pages 99-114.
    3. Enock Kojo Ayesu & Clement Agonyim Asaana, 2023. "Global shipping and climate change impacts in Africa: the role of international trade," Journal of Shipping and Trade, Springer, vol. 8(1), pages 1-17, December.
    4. Sun, Yulong & Zheng, Jianfeng & Yang, Lingxiao & Li, Xia, 2024. "Allocation and trading schemes of the maritime emissions trading system: Liner shipping route choice and carbon emissions," Transport Policy, Elsevier, vol. 148(C), pages 60-78.
    5. Sheng, Yu & Shi, Xunpeng & Su, Bin, 2018. "Re-analyzing the economic impact of a global bunker emissions charge," Energy Economics, Elsevier, vol. 74(C), pages 107-119.

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