Sailing into a Dilemma - An Economic and Legal Analysis of an EU Trading Scheme for Maritime Emissions

24 Pages Posted: 28 Mar 2014

See all articles by Claudia Hermeling

Claudia Hermeling

ZEW – Leibniz Centre for European Economic Research

Jan Klement

Saarland University

Simon Koesler

ZEW – Leibniz Centre for European Economic Research - Environmental and Resource Economics, Environmental Management Research

Jonathan Koehler

Fraunhofer Institut für Systemtechnik und Innovationsforschung

Dorothee Klement

Independent

Date Written: February 15, 2014

Abstract

On the basis of a joint economic and legal analysis, we evaluate the effects of a "regional" (European) emission trading scheme aiming at reducing emissions of international shipping. The focus lies on the question which share of emissions from maritime transport activities to and from the EU can and should be included in such a system. Our findings suggest that the attempt to implement an EU maritime ETS runs into a dilemma. It is not possible to design a system that achieves emission reductions in a cost efficient manner and is compatible with international law.

Keywords: emission trading, international shipping, maritime emissions, regional emission trading, international jurisdiction for emission trading schemes

JEL Classification: L91, Q58, R48

Suggested Citation

Hermeling, Claudia and Klement, Jan and Koesler, Simon and Koehler, Jonathan and Klement, Dorothee, Sailing into a Dilemma - An Economic and Legal Analysis of an EU Trading Scheme for Maritime Emissions (February 15, 2014). ZEW - Centre for European Economic Research Discussion Paper No. 14-021, Available at SSRN: https://ssrn.com/abstract=2416750 or http://dx.doi.org/10.2139/ssrn.2416750

Claudia Hermeling

ZEW – Leibniz Centre for European Economic Research ( email )

P.O. Box 10 34 43
L 7,1
D-68034 Mannheim, 68034
Germany

Jan Klement

Saarland University ( email )

Stadtwald
Saarbrucken, Saarland D-66123
Germany

Simon Koesler (Contact Author)

ZEW – Leibniz Centre for European Economic Research - Environmental and Resource Economics, Environmental Management Research ( email )

P.O. Box 10 34 43
L 7,1
D-68034 Mannheim
Germany

Jonathan Koehler

Fraunhofer Institut für Systemtechnik und Innovationsforschung ( email )

Breslauer Str. 48
Karlsruhe, 76139
United States

Dorothee Klement

Independent ( email )

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