Carbon Emission Trading Scheme in the shipping sector: drivers, challenges, and impacts
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...
| Main Authors: | , , , |
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| Other Authors: | |
| Format: | Journal Article |
| Language: | English |
| Published: |
2022
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10356/162330 |
| _version_ | 1826114426451787776 |
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| author | Wu, Min Li, Kevin X. Xiao, Yi Yuen, Kum Fai |
| author2 | School of Civil and Environmental Engineering |
| author_facet | School of Civil and Environmental Engineering Wu, Min Li, Kevin X. Xiao, Yi Yuen, Kum Fai |
| author_sort | Wu, Min |
| collection | NTU |
| description | 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. |
| first_indexed | 2024-10-01T03:39:17Z |
| format | Journal Article |
| id | ntu-10356/162330 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2024-10-01T03:39:17Z |
| publishDate | 2022 |
| record_format | dspace |
| spelling | ntu-10356/1623302022-10-14T06:16:34Z Carbon Emission Trading Scheme in the shipping sector: drivers, challenges, and impacts Wu, Min Li, Kevin X. Xiao, Yi Yuen, Kum Fai School of Civil and Environmental Engineering Engineering::Environmental engineering Carbon Trading Carbon Reduction 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. 2022-10-14T06:16:34Z 2022-10-14T06:16:34Z 2022 Journal Article Wu, M., Li, K. X., Xiao, Y. & Yuen, K. F. (2022). Carbon Emission Trading Scheme in the shipping sector: drivers, challenges, and impacts. Marine Policy, 138, 104989-. https://dx.doi.org/10.1016/j.marpol.2022.104989 0308-597X https://hdl.handle.net/10356/162330 10.1016/j.marpol.2022.104989 2-s2.0-85124605739 138 104989 en Marine Policy © 2022 Elsevier Ltd. All rights reserved. |
| spellingShingle | Engineering::Environmental engineering Carbon Trading Carbon Reduction Wu, Min Li, Kevin X. Xiao, Yi Yuen, Kum Fai Carbon Emission Trading Scheme in the shipping sector: drivers, challenges, and impacts |
| title | Carbon Emission Trading Scheme in the shipping sector: drivers, challenges, and impacts |
| title_full | Carbon Emission Trading Scheme in the shipping sector: drivers, challenges, and impacts |
| title_fullStr | Carbon Emission Trading Scheme in the shipping sector: drivers, challenges, and impacts |
| title_full_unstemmed | Carbon Emission Trading Scheme in the shipping sector: drivers, challenges, and impacts |
| title_short | Carbon Emission Trading Scheme in the shipping sector: drivers, challenges, and impacts |
| title_sort | carbon emission trading scheme in the shipping sector drivers challenges and impacts |
| topic | Engineering::Environmental engineering Carbon Trading Carbon Reduction |
| url | https://hdl.handle.net/10356/162330 |
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