Open AccessEconomic policies to reduce CO2 emissions in maritime transport
Author(s) -
Doru Coşofreţ
Publication year - 2020
Publication title -
scientific bulletin
Language(s) - English
Resource type - Journals
eISSN - 2392-8956
pISSN - 1454-864X
DOI - 10.21279/1454-864x-20-i2-013
Subject(s) - business , environmental economics , maritime industry , greenhouse gas , mechanism (biology) , industrial organization , market mechanism , natural resource economics , international trade , environmental science , economics , market economy , ecology , philosophy , epistemology , biology
The international shipping industry contributes with 2.7% to the global emissions of CO2. In light of the projected growth of world trade by 2050 and the demand for maritime transport, it is necessary to identify and implement additional measures compared to the existing measures to reduce CO2 emissions. A category of measures with the potential for implementation is Market-Based Mechanisms (MBM). The paper presented a synthesis of the types of market-based mechanisms proposed to be implemented in maritime transport. Also, in the situation of implementing the market mechanism based on the introduction of the tax depending on the quantity of CO2 emitted by the ship, there is presented a calculation program for determining the amount of CO2 emitted during a voyage.