Market-based measures for greenhouse gas emissions from ships: a review

Research output: Contribution to journalJournal articleResearchpeer-review


The purpose of this paper is to review several distinct proposals for market-based measures (MBMs) that are under consideration by the International Maritime Organization (IMO) for greenhouse gases (GHGs). Thus far, some ten distinct MBM proposals have been submitted to the IMO. The paper discusses the general concept of an MBM, the mechanisms used by MBMs, and attempts to discuss the pros and cons of the submitted proposals, according to some specific criteria.
Original languageEnglish
JournalWorld Maritime University. Journal of Maritime Affairs
Issue number2
Pages (from-to)211-232
Publication statusPublished - 2012
Externally publishedYes


  • Greenhouse gas emissions
  • Market-based measures
  • Emissions trading scheme
  • International GHG fund
  • Bunker levy
  • Energy efficiency design index


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