This paper aims to assess the direct economic impact on the maritime sector from its inclusion in the European Union-Emission Trading System (EU-ETS). The Monitoring, Reporting and Verification (MRV) data are analysed for the estimation of carbon dioxide (CO2) emissions within the European Economic Area (EEA). The economic impact assessment model used is scenario-based, and includes different price incentives, geographical coverage and emission allowances allocation methods. According to our findings, in case the emission allowances are fully auctioned or partially free allocated on the basis of a uniform benchmark, the increased costs would be disproportional among the maritime segments. Such a scheme would penalise Roll-on/Roll-off (RoRo) and Roll-On/Roll-Off/Passenger (RoPax) segments due their high fuel consumption per transport work in relation to oil tankers and bulkers. The establishment of differentiated benchmarks per segment seems to be a prerequisite for the effective inclusion of shipping in the EU-ETS that will reward energy efficient vessels in each segment and avoid competition distortion within the maritime industry.
The COVID-19 pandemic significantly impacted the way we do business and trade. As a result of the pandemic, a variety of stakeholders in the maritime sector have been adversely affected; nevertheless, they adapted successfully to the new circumstances and learned how to make the necessary compromises. The purpose of this study is to examine the status of ships’ energy efficiency during the pandemic. It is hypothesized that the pandemic has strengthened barriers to ship energy efficiency, and shipping decarbonization has not been a priority for stakeholders throughout the pandemic. To examine this hypothesis, by conducting a literature review and utilizing the barrier models, the energy efficiency barriers were revisited through the lens of the COVID-19 pandemic. The established focus group assessed the impact of the pandemic on these barriers. The pandemic revealed the vulnerability of shipping’s energy efficiency, and a majority of barriers were strengthened as a result. A number of factors have contributed to the marginal decarbonization of shipping during the pandemic period, including inadequate and lenient energy regulations (policy gap), economic crisis within shipping companies (low freight rates and a decline in charter markets), and extremely low fuel prices.
highlighting the important role and contribution of maritime transport in these overall efforts. This paper discusses the efforts and initiatives undertaken by a Finnish shipping line (Viking Line) for the improvement of its fleet energy efficiency, along with the decarbonization of its operations; initiatives that encompass various technical and operational measures along with the employment of alternative fuels and/or energy sources (such as wind power).According to the findings, significant energy consumption reductions can be achieved at the company level from the implementation of a number of energy efficiency initiatives that presuppose a company organization model focused on sustainable development. Global and regional regulations/ guidelines definitely initiate the introduction of energy efficiency measures, but their effective implementation depends largely on the organizational structure and priorities of individual shipping companies.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.