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Ancillary benefits of climate policies in the shipping sector

Doundoulakis Emmanouil, Papaefthymiou Spyridon

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Year 2020
Type of Item Book Chapter
Bibliographic Citation E. Doundoulakis and S. Papaefthimiou, “Ancillary benefits of climate policies in the shipping sector,” in Ancillary Benefits of Climate Policy: New Theoretical Developments and Empirical Findings, Springer Climate, W. Buchholz, A. Markandya, D. Rübbelke, S. Vögele, Eds., Cham, Switzerland: Springer Nature, 2020, pp. 257– 276, doi: 10.1007/978-3-030-30978-7_15.
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According to the latest estimates presented by IMO in “Third IMO GHG Study 2014” total shipping sector emitted 938 million tonnes of CO2 in 2012 that is about 2.6% of the total global CO2 anthropogenic emissions for that year. Although shipping is the most energy-efficient mode of mass transport and only a modest contributor to overall CO2 emissions, a global approach to further improve its energy efficiency and effective emission control is needed, as sea transport will continue growing apace with world trade. Emissions from international shipping cannot be attributed to any particular national economy due to its global nature and complex operation. This chapter covers policy measures towards climate and environmental protection within the shipping sector and in doing so, provides a detailed overview of the existing regulations of IMO and EU, analysing ancillary benefits of climate change policies.