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Shipping in the EU ...
Shipping in the EU emissions trading system: implications for mitigation, costs and modal split
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- Flodén, Jonas, 1974 (author)
- Gothenburg University,Göteborgs universitet,Northern LEAD,Företagsekonomiska institutionen, Industriell och Finansiell ekonomi & logistik,Department of Business Administration, Industrial and Financial Management & Logistics,Department of Business Administration, School of Business, Economics and Law, University of Gothenburg, Gothenburg, Sweden
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- Zetterberg, Lars (author)
- IVL Svenska Miljöinstitutet AB,IVL Swedish Environmental Research Institute,IVL Swedish Environmental Research Institute, Gothenburg, Sweden
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- Christodoulou, Anastasia (author)
- World Maritime University,Panepistimion Pireos,University of Piraeus,World Maritime University, Malmö, Sweden;Department of Maritime Studies, School of Maritime and Industrial Studies, University of Piraeus, Athens, Greece
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- Parsmo, Rasmus, 1988 (author)
- IVL Svenska Miljöinstitutet AB,IVL Swedish Environmental Research Institute,Chalmers tekniska högskola,Chalmers University of Technology,IVL Swedish Environmental Research Institute, Gothenburg, Sweden;Department of Mechanics and Maritime studies, Chalmers University of Technology, Gothenburg, Sweden
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- Fridell, Erik, 1963 (author)
- IVL Svenska Miljöinstitutet AB,IVL Swedish Environmental Research Institute,IVL Swedish Environmental Research Institute, Gothenburg, Sweden
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- Hansson, Julia, 1978 (author)
- IVL Svenska Miljöinstitutet AB,IVL Swedish Environmental Research Institute,Chalmers tekniska högskola,Chalmers University of Technology,IVL Swedish Environmental Research Institute, Gothenburg, Sweden;Department of Mechanics and Maritime studies, Chalmers University of Technology, Gothenburg, Sweden
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- Rootzén, Johan, 1978 (author)
- IVL Svenska Miljöinstitutet AB,IVL Swedish Environmental Research Institute,IVL Swedish Environmental Research Institute, Gothenburg, Sweden
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- Woxenius, Johan, 1967 (author)
- Gothenburg University,Göteborgs universitet,Northern LEAD,Företagsekonomiska institutionen, Industriell och Finansiell ekonomi & logistik,Department of Business Administration, Industrial and Financial Management & Logistics,Department of Business Administration, School of Business, Economics and Law, University of Gothenburg, Gothenburg, Sweden
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(creator_code:org_t)
- Stockholm : IVL Svenska Miljöinstitutet, 2024
- 2024
- English.
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In: Climate Policy. - Stockholm : IVL Svenska Miljöinstitutet. - 1752-7457 .- 1469-3062. ; 24:7, s. 969-987
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Abstract
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- EU recently decided to include shipping, meaning all intra-European shipping and 50% of extra-European voyages, in the EU Emissions Trading System (ETS) beginning in 2024. This article provides an early assessment of the impacts of the EU ETS on the shipping sector’s potential reductions in greenhouse gas emissions for different types of ships. It further examines selected mitigation measures and the impact on modals split and costs. The study employs a mixed-methods approach combining quantitative estimates (based on data from the EU monitoring, reporting and verification system) with qualitative data and information from interviews with key actors and from previous literature. This approach aims to provide a comprehensive understanding of the impacts of the EU ETS. The inclusion of shipping in the EU ETS is expected to introduce significant incentives to reduce emissions. We estimate that switching to bio-methanol at an emissions allowance price of €90–100/tCO2 will be cost-effective for a minor share of shipping segments (representing about 0.5-5% of all ships), whereas at a price above €150/tCO2 it could be cost-effective for a considerable share (potentially 75%) of ships. In the short term, the costs incurred by the EU ETS will be passed on to transport customers as a surcharge. The increased cost may, unless properly addressed, drive carbon leakage. Meanwhile, a modal shift away from shipping may occur in the roll-on, roll-off (RoRo) and roll-on passenger (RoPax) segments due to direct competition with road and rail transport and the relative ease of shifting to other modes of transport.
Subject headings
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Nationalekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Economics (hsv//eng)
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Företagsekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Business Administration (hsv//eng)
- TEKNIK OCH TEKNOLOGIER -- Maskinteknik -- Farkostteknik (hsv//swe)
- ENGINEERING AND TECHNOLOGY -- Mechanical Engineering -- Vehicle Engineering (hsv//eng)
- NATURVETENSKAP -- Geovetenskap och miljövetenskap -- Miljövetenskap (hsv//swe)
- NATURAL SCIENCES -- Earth and Related Environmental Sciences -- Environmental Sciences (hsv//eng)
- TEKNIK OCH TEKNOLOGIER -- Samhällsbyggnadsteknik -- Transportteknik och logistik (hsv//swe)
- ENGINEERING AND TECHNOLOGY -- Civil Engineering -- Transport Systems and Logistics (hsv//eng)
- TEKNIK OCH TEKNOLOGIER -- Maskinteknik -- Energiteknik (hsv//swe)
- ENGINEERING AND TECHNOLOGY -- Mechanical Engineering -- Energy Engineering (hsv//eng)
- TEKNIK OCH TEKNOLOGIER -- Naturresursteknik -- Energisystem (hsv//swe)
- ENGINEERING AND TECHNOLOGY -- Environmental Engineering -- Energy Systems (hsv//eng)
Keyword
- mitigation
- EU ETS
- bunker fuel
- emissions trading
- maritime transport
- Shipping
- modal shift
- Shipping; EU ETS; modal shift; emissions trading; mitigation; maritime transport; bunker fuel
Publication and Content Type
- art (subject category)
- ref (subject category)
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- By the author/editor
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Flodén, Jonas, 1 ...
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Zetterberg, Lars
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Christodoulou, A ...
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Parsmo, Rasmus, ...
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Fridell, Erik, 1 ...
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Hansson, Julia, ...
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Rootzén, Johan, ...
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Woxenius, Johan, ...
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- About the subject
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- SOCIAL SCIENCES
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SOCIAL SCIENCES
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and Economics and Bu ...
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and Economics
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- SOCIAL SCIENCES
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SOCIAL SCIENCES
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and Economics and Bu ...
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and Business Adminis ...
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- ENGINEERING AND TECHNOLOGY
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ENGINEERING AND ...
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and Mechanical Engin ...
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and Vehicle Engineer ...
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- NATURAL SCIENCES
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NATURAL SCIENCES
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and Earth and Relate ...
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and Environmental Sc ...
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- ENGINEERING AND TECHNOLOGY
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ENGINEERING AND ...
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and Civil Engineerin ...
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and Transport System ...
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- ENGINEERING AND TECHNOLOGY
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ENGINEERING AND ...
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and Mechanical Engin ...
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and Energy Engineeri ...
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- ENGINEERING AND TECHNOLOGY
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ENGINEERING AND ...
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- Articles in the publication
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Climate Policy
- By the university
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Chalmers University of Technology
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University of Gothenburg
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IVL Swedish Environmental Research Institute