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

Harilaos N. Psaraftis*, Sotiria Lagouvardou

*Corresponding author for this work

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Abstract

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.
Original languageEnglish
JournalSamfundsoekonomen
Volume2019
Issue number4
Pages (from-to)60-70
ISSN0108-3937
Publication statusPublished - 2019

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