MARITIMECO2 LIFE08 ENV/CY/000461 - Impact assessment for the adoption of CO2 emission trading for maritime transport
Overview
Background & policy context:
The likely implementation of a carbon dioxide (CO2) emission allowance trading scheme for the merchant shipping industry will have a significant impact on the financial, social and physical environment, at a global, European and national level. EU countries will experience varying impacts depending on a number of variables, such as country size, location (coastal or not), economic structure, and size of shipping fleet.
Objectives:
The project will assess the environmental, social and financial impacts that are likely to arise from the adoption of a carbon dioxide allowance trading scheme for the shipping industry in three countries: Cyprus, Greece and Denmark. These countries are representative of the majority of country 'types' found in the EU, in shipping terms. Specifically, Cyprus is a small country with a large shipping fleet; Greece is a large country with a large shipping fleet; and Denmark is an average EU country with an average-sized shipping fleet. Greece and Cyprus account for more than 40% of the EU-registered fleet, and thus provide a good basis for scaling-up the results of the project to the whole EU.
The project will demonstrate:
- The feasibility of an Emission Trading System (ETS) for shipping;
- The special conditions that may need to apply to different EU countries, for example: island states compared to continental states, or ship-owner compared to flag-ship countries;
- The general impact that a shipping ETS will have for individual countries. The project will have a transnational demonstration value: it can demonstrate to politicians and administrators, governmental bodies, EU bodies and the shipping industry the applicability of a shipping ETS, and will thus allow them to make more informed decisions on what form such an ETS should take.
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