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Journal article

Market based measures for the reduction of Green House gas emissions from ships: a possible way forward

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Operations Management, Management Science, Department of Technology, Management and Economics, Technical University of Denmark1

Management Science, Department of Technology, Management and Economics, Technical University of Denmark2

Department of Technology, Management and Economics, Technical University of Denmark3

The International Maritime Organization (IMO) is a specialized United Nations (UN) agency regulating maritime transport. One of the very hot topics currently on the IMO agenda is decarbonization. In that regard, the IMO decided in 2018 to achieve by 2050 a reduction of at least 50% in maritime green house gas (GHG) emissions vis-à-vis 2008 levels.

The purpose of this paper is to discuss the possible role of Market Based Measures (MBMs) so as to achieve the above target. To that effect, a brief discussion of MBMs at the IMO and the EU is presented, and a possible way forward is proposed, focusing on a bunker levy.

Language: English
Year: 2019
Pages: 60-70
ISSN: 25968823 and 01083937
Types: Journal article
ORCIDs: Psaraftis, Harilaos N. and Lagouvardou, Sotiria

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