Dominioni, Goran ORCID: 0000-0002-3795-2617 (2023) Towards an equitable transition in the decarbonization of international maritime transport: exemptions or carbon revenues? Marine Policy . ISSN 0308-597X
Abstract
The International Maritime Organization (IMO) is considering the implementation of a carbon pricing instrument
in international shipping. One of the most contentious point of debate on the implementation of carbon pricing in
the sector concerns how to ensure an equitable transition. This article analyzes in-depth the advantages and
disadvantages of two key potential approaches to address equity considerations in the design of a market-based-measure for international shipping: exemptions, and the strategic use of carbon revenues. This in-depth analysis
has two main aims: i) it tests arguments presented in the literature on the relative benefits and risks of exemptions
and carbon revenues use against up-to-date empirical research; ii) it adds to existing research by identifying
benefits and drawbacks related to these two approaches that have so far been overlooked in the literature. The
analysis reveals that an adequate use of carbon revenues is likely to deliver greater climate benefits than exemptions, both within maritime transport and beyond. The analysis also reveals that, while exemptions have
some potential merit in addressing equity considerations, they also have various drawbacks. Overall, this
research suggests that carbon revenue use should be the primary approach to addressing equity considerations in
the decarbonization of international maritime transport. The article concludes by suggesting principles necessary
to ensure that the distribution of carbon revenues supports the equitable transition.
Metadata
Item Type: | Article (Published) |
---|---|
Refereed: | Yes |
Uncontrolled Keywords: | Market-based measures; International Maritime Organization; International shipping; Equitable transition; Exemptions; Carbon revenues |
Subjects: | UNSPECIFIED |
DCU Faculties and Centres: | DCU Faculties and Schools > Faculty of Humanities and Social Science > School of Law and Government |
Publisher: | Elsevier |
Official URL: | https://doi.org/10.1016/j.marpol.2023.105669 |
Copyright Information: | © 2023 The Author. |
ID Code: | 28853 |
Deposited On: | 28 Jul 2023 15:35 by Thomas Murtagh . Last Modified 28 Jul 2023 15:35 |
Documents
Full text available as:
Preview |
PDF
- Requires a PDF viewer such as GSview, Xpdf or Adobe Acrobat Reader
Creative Commons: Attribution 4.0 570kB |
Downloads
Downloads
Downloads per month over past year
Archive Staff Only: edit this record