Can Market-based Measures Stimulate Investments in Green Technologies for the Abatement of GHG Emissions from Shipping? A Review of Proposed Market-based Measures

In order for the maritime sector to align itself with targets set by Paris Agreement, it should reduce its GHG emissions at least 50% 2050 compared 2008 ultimate aim phase them out entirely. It is along these lines that in April 2018 International Maritime Organisation (IMO) developed a strategy, consisting of range potential technical and operational measures from international shipping, ranking improvements on ship design employment alternative fuels. stimulate adoption policies, IMO also considers implementation market-based (MBM) will provide additional incentives shipowners invest new technologies uptake cleaner The MBMs analysed this paper include two different policies proposed countries associations abatement shipping: a) Fund ships includes imposition global levy marine bunker fuel all vessels b) Emission Trading System (METS) requires companies buy/sell emission allowances meet their annual reductions targets, setting cap shipping emissions. This presents analyses diverse MBMs, highlighting main advantages drawbacks. scope investigate incentivise investments fuels, both essential decarbonisation sector.