Abstract
The aim of this study is to review, identify and synthesise the drivers, challenges and impacts of implementing a Carbon ETS in the shipping sector. PRISMA is adopted to review relevant articles selected from Scopus and Web of Science databases. The review uncovers three categories of drivers, seven categories of challenges, and two categories of impacts. The drivers are (1) limitations of existing technical and operational solutions; (2) promise of market-based solutions; and (3) attitudes of stakeholders. Challenges are about (1) geographical coverage; (2) sectoral coverage; (3) free emissions quota percentage and the carbon trading price; (4) conflict between common but differentiated responsibilities and equal treatment; (5) management difficulties; (6) jurisdiction under international law; and (7) opposition from the shipping sector. Impacts are (1) environmental and economic impacts and (2) optimal abatement strategy. This study offers some implications and recommendations for relevant stakeholders on implementing carbon ETS.
| Original language | English |
|---|---|
| Article number | 104989 |
| Journal | Marine Policy |
| Volume | 138 |
| DOIs | |
| Publication status | Published - Apr 2022 |
| Externally published | Yes |
Bibliographical note
Publisher Copyright:© 2022 Elsevier Ltd
ASJC Scopus Subject Areas
- Aquatic Science
- General Environmental Science
- Economics and Econometrics
- Management, Monitoring, Policy and Law
- Law
Keywords
- Carbon Emissions Trading Scheme
- Carbon reduction
- Carbon trading
- Climate change
- International shipping
