Regional Carbon Pricing for International Maritime Transport : Challenges and Opportunities for Global Geographical Coverage
Although the existing literature identifies a fuel levy imposed by means of a global agreement as the most efficient policy for carbon pricing in the maritime sector, scholars and policy makers debate the possibility for regional measures to be int...
| Main Authors: | , , |
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| Format: | Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2018
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/714251516824511861/Regional-carbon-pricing-for-international-maritime-transport-challenges-and-opportunities-for-global-geographical-coverage http://hdl.handle.net/10986/29285 |
| Summary: | Although the existing literature
identifies a fuel levy imposed by means of a global
agreement as the most efficient policy for carbon pricing in
the maritime sector, scholars and policy makers debate the
possibility for regional measures to be introduced in case a
global agreement cannot be achieved. This debate has
highlighted several economic, legal, and political
challenges that the implementation of an efficient and
effective regional scheme would have to face. This paper
compares the relative performance of various regional
measures for carbon pricing based on the following criteria:
jurisdictional basis, data availability, environmental
effectiveness and avoidance strategies, impact on
competitiveness, differentiation for developing countries,
and incentives for reaching a global agreement. The main
finding is that, if carefully designed, a cargo-based
measure that covers the emissions released throughout the
whole voyage to the cargo destination presents various
advantages compared with other carbon pricing schemes. These
advantages have been largely ignored in the literature. |
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