A Systems Perspective to Market – Based Mechanisms (MBM) Comparison for International Shipping

Chai, Kah‐Hin; Lee, Xin Ni; Gaudin, Antoine

doi:10.2139/ssrn.3347448

Cited by 4 publications

(8 citation statements)

References 42 publications

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“…Various sub-types of the carbon tax and ETS have been proposed at the IMO. The International Greenhouse Gas Fund (MEPC 60/4/8), Leveraged Incentive Scheme (MEPC 60/4/37), and Port State Levy (MEPC 60/4/40) are similar to the carbon tax, while the Global Emission Trading System (MEPC 60/4/22, MEPC 60/4/26, MEPC 60/4/41, MEPC 60/4/54) are similar to ETS (Chai et al, 2019).…”

Section: Studies On Mbmsmentioning

confidence: 99%

“…The second question is to which extent can the decision of the EU affect the global maritime industry? Overall, MBM literature is relatively narrow, even though possible implementations are either approved or on the way (Chai et al, 2019;Psaraftis, 2021). That said, Psaraftis (2021), briefly assessed the prospects for the future of shipping decarbonization in the aftermath of the 76th meeting of the Marine Environment Protection Committee (MEPC), a committee of the IMO.…”

Section: Introductionmentioning

confidence: 99%

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Influence of the European Union (EU) on International Maritime Organization (IMO) about the Market-based Measures on Emissions

Kırval

ÇALIŞKAN>

2022

International Journal of Environment and Geoinformatics

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Market-based Measures (MBM), a catalyst for new and effective technologies, can be advantageous for the shipping industry on its way to reaching 50% decarbonization by 2050. MBMs are the focal point at the decision-taking level for the International Maritime Organization (IMO) and European Commission (EC) to regulate emissions and improve energy efficiency in the maritime transportation industry. EC included shipping into European Union's (EU) existing Emission Trading Scheme (ETS). However, IMO's scheme will be functional after 2023, and the decision of an MBM is not finalized yet. The motivation of this paper is to analyze viable MBMs under the Initial IMO Greenhouse Gases (GHG) Strategy based on their superiority and evaluate the influence of EU policy implementation on the global shipping industry. The issues such as economic implications, feasibility, social and environmental responsibilities, and harmony of the policy are included in the paper to assess the success of the MBMs. Main concerns and thoughts revolving around EU ETS; such as economic implications of taxation, the existence of an administrative body for shipping in EU ETS, carbon leakage caused by high tax, voyage evasion of emissions by not delivering goods to distant areas, the emergence of a fraud-proof and more secure system with an administrative body, success factors of EU ETS after 16 years, full certainty of reducing emissions rather than incentives to reduce emissions, monitoring, and reporting schemes; are discussed to bridge the issue with EU's reasonings.

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Section: Studies On Mbmsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Influence of the European Union (EU) on International Maritime Organization (IMO) about the Market-based Measures on Emissions

Kırval

ÇALIŞKAN>

2022

International Journal of Environment and Geoinformatics

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“…Chai et al [51] support that a levy is more suitable for shipping, regardless of its collection approach, in incentivizing the adoption of technology with high Technology Readiness (TRL), in R&D investments into low TRL technologies (both of which require stable carbon prices for companies to invest) and in funds generation.…”

Section: Bunker Levymentioning

confidence: 99%

“…The study of Chai et al [51] focuses on the operational challenges of the scheme. More specifically, the large number of ships trading internationally requires many resources dedicated to setting up, operating and reviewing the system.…”

Section: Global Maritime Emission Trading System (Mets)mentioning

confidence: 99%

“…Fuel Levy and variants [19,40,[50][51][52][53][54][55][56][57][58][59]68,[72][73][74][75] Emission Trading System (ETS) and variants [19,50,51,[59][60][61]64,66,67,[69][70][71][72][73][74][75][76] The Initial IMO Strategy sets substantial emissions reduction targets and depicts the eager vision of the Industry towards a decarbonized future. The essential tools for achieving these goals are described as "candidate short-, mid-, and long-term measures."…”

Section: Mbms Relevant Referencesmentioning

confidence: 99%

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A Literature Survey on Market-Based Measures for the Decarbonization of Shipping

2020

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This paper aims to conduct an updated literature survey on the Market-Based Measures (MBMs) currently being proposed by various member states and organizations at the International Maritime Organization (IMO) or by the scientific and grey literature as a cost-effective solution to reduce greenhouse gas (GHG) emissions from ships. Τhe paper collects, summarizes, and categorizes the different proposals to provide a clear understanding of the existing discussions on the field and also identifies the areas of prior investigation in order to prevent duplication and to avoid the future discussion at the IMO to start from scratch. Relevant European Union (EU) action on MBMs is also described. Furthermore, the study identifies inconsistencies, gaps in research, conflicting studies, or unanswered questions that form challenges for the implementation of any environmental policy at a global level for shipping. Finally, by providing foundational knowledge on the topic of MBMs for shipping and by exploring inadequately investigated areas, the study addresses concrete research questions that can be investigated and resolved by the scientific and shipping community.

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Evaluation of the Market-Based Measures by the IMO Criteria: Effects of Current Dynamics

ÇALIŞKAN>

Zincir

2023

Decarbonization of Maritime Transport

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A Systems Perspective to Market – Based Mechanisms (MBM) Comparison for International Shipping

Cited by 4 publications

References 42 publications

Influence of the European Union (EU) on International Maritime Organization (IMO) about the Market-based Measures on Emissions

Influence of the European Union (EU) on International Maritime Organization (IMO) about the Market-based Measures on Emissions

A Literature Survey on Market-Based Measures for the Decarbonization of Shipping

Evaluation of the Market-Based Measures by the IMO Criteria: Effects of Current Dynamics

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