Emissions Trading for Ships — a European Perspective

Abstract

Shipping is under growing pressure to reduce its emissions to air. Pressures exist at both a local (e.g. port environment) and global (transboundary pollution transport and greenhouse gas issues). Regulation is gradually coming into effect internationally (IMO) and through regional actions in Europe. North America may be next. Shipping would benefit from flexible schemes to achieve better environmental performance and to allow investments to be made in the most cost effective areas. This brief paper sets out some of the issues and describes a Pilot scheme to explore trading in SOx emissions from ships.

How to integrate ports into the EU ETS: the CAS approach perspective

“…In contrast, the fuzzy analysis indicated that long payback period is the most important barrier, although high investment cost remained one of the most important causal factors in the model. In other words, high investment cost is a critical barrier to including ports in the EU ETS according to both empirical studies (Davies, 2006;Dai et al, 2018Dai et al, , 2019Peng et al, 2019;Gianoli and Bravo, 2020;Piccoli et al, 2021) and the views of selected experts in managerial position in certified green ports in T€ urkiye. In short, ports have financial concerns regarding the potential benefits from participating in the EU ETS carbon trading market.…”

“…In contrast, the fuzzy analysis indicated that long payback period is the most important barrier, although high investment cost remained one of the most important causal factors in the model. In other words, high investment cost is a critical barrier to including ports in the EU ETS according to both empirical studies (Davies, 2006; Dai et al. , 2018, 2019; Peng et al.…”

“…ETS strategies like carbon pricing or carbon trading provide the incentives that result from the system and are critical to how it is implemented. Davies (2006) described a pilot scheme to improve ships' environmental performance through trading in SO X emissions. Mellin and Rydhed (2011) investigated the negative attitudes of Swedish ports regarding emission reduction regulations, finding that they are most sensitive to carbon-differentiated port dues.…”

“…Davies (2006),Dai et al (2018),Peng et al (2019),Dai et al (2019),Gianoli and Bravo (2020) andPiccoli et al …”