Capped Steam Ahead - A Case Study Among Ship Operators on a Maritime ETS

International shipping is an important emitter of greenhouse gases. The International Maritime Organization (IMO) is discussing different approaches to reduce maritime CO2 emissions, in particular market-based mechanisms. In this paper, we assess potential implications of a maritime emission trading scheme (ETS) on the organisation and operations of shipping companies, primarily on the basis of a case study involving ship operators. Our results suggest that there is no knock-out criterion why a cap-and-trade approach should not work in the shipping sector in practice. A maritime ETS has the potential to engage this sector into cost-efficient emission reduction if designed to account for the special characteristics of the international shipping industry

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Year of publication:	2012
Authors:	Koesler, Simon
Other Persons:	Achtnicht, Martin (contributor) ; Köhler, Jonathan Hugh (contributor)
Publisher:	[2012]: [S.l.] : SSRN
Subject:	Schifffahrt \| Shipping \| EU-Staaten \| EU countries \| Reederei \| Shipping company \| Frachtschifffahrt \| Cargo shipping

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