IDEAS home Printed from https://ideas.repec.org/p/spa/wpaper/2024wpecon15.html
   My bibliography  Save this paper

Cost and Environmental Impact Assessment of Mandatory Speed Reduction of Maritime Fleets

Author

Listed:
  • Cristofer H. Marques
  • Paula Carvalho Pereda
  • Ramiro F. Ramos
  • Olav Fiksdahl
  • Luiz F. Assis
  • Newton N. Pereira
  • Andrea Lucchesi
  • Jean-David Caprace

Abstract

To reduce greenhouse gas emissions from transport, the International Maritime Organization has been studying measures to be implemented in the short term. The present work presents an assessment of cost and environmental outcomes from the implementation of mandatory reductions of speed on the world merchant ship fleet. Considering the product usually transported by each group and the distance navigated between ports, average values of capital, operational, voyage expenditure and CO2 emissions are calculated. Results reveal that capital and operational expenditure increase with speed reduction while voyage expenditure and CO2 emission decrease. The effect is different for each region and ship type, whereby a given speed reduction is more beneficial for some than for others. Higher speed reductions were found to be environmentally beneficial but significantly increased the annual seaborne transport cost, which would likely affect ocean-going commerce.

Suggested Citation

  • Cristofer H. Marques & Paula Carvalho Pereda & Ramiro F. Ramos & Olav Fiksdahl & Luiz F. Assis & Newton N. Pereira & Andrea Lucchesi & Jean-David Caprace, 2024. "Cost and Environmental Impact Assessment of Mandatory Speed Reduction of Maritime Fleets," Working Papers, Department of Economics 2024_15, University of São Paulo (FEA-USP).
    • Handle: RePEc:spa:wpaper:2024wpecon15
    as

    Download full text from publisher

    File URL: http://www.repec.eae.fea.usp.br/documentos/Marques_Pereda_Ramos_Fiksdahl_Luchesi_Caprace_15WP.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    shipping; GHG emissions; environmental effect;
    All these keywords.

    JEL classification:

    • L91 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Transportation: General
    • L92 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Railroads and Other Surface Transportation

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    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:spa:wpaper:2024wpecon15. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Pedro Garcia Duarte (email available below). General contact details of provider: https://edirc.repec.org/data/deuspbr.html .

    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.