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Understanding the Economic Impacts of Greenhouse Gas Mitigation Policies on Shipping: What Is the State of the Art of Current Modeling Approaches?

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dc.contributor.authorHalim, Ronald A.
dc.contributor.authorSmith, Tristan
dc.contributor.authorEnglert, Dominik
dc.date.accessioned2019-01-31T18:24:54Z
dc.date.available2019-01-31T18:24:54Z
dc.date.issued2019-01
dc.description.abstractThe International Maritime Organization's initial strategy on reduction of greenhouse gas emissions from ships stipulates that the international shipping sector should assess the impacts on states prior to adoption of the mitigation measures included in the strategy. This assessment should be undertaken as a matter of urgency, and disproportionately negative impacts should be assessed and addressed as appropriate. This paper aims to contribute to this discussion by reviewing the state-of-the-art research on the economic impacts of greenhouse gas mitigation measures on states, using model-based analysis. Specifically, the paper: (i) identifies four areas of economic impacts and their relationships, (ii) compiles the latest findings on the estimated magnitudes of these impacts, and (iii) presents relevant modeling approaches along with best practices for selecting and applying these approaches in impact assessments. The paper concludes that introducing greenhouse gas mitigation measures, such as carbon prices applied to bunker fuels in the range of 10 to 50 USD/ton of carbon dioxide, might increase maritime transport costs by 0.4 percent to 16 percent. However, this would only marginally increase the import prices of goods (by less than 1 percent). For transport choices, the increased cost of maritime transport induced by greenhouse gas mitigation measures might only slightly reduce the share of maritime transport, by 0.16 percent globally. Furthermore, a global carbon tax applied to all transport modes might stimulate a shift toward maritime transport from all other modes. The impacts of a carbon price in the range of 10 to 90 USD/ton of carbon dioxide on national economies are expected to be modest (-0.002 percent to -1 percent of GDP).en
dc.identifierhttp://documents.worldbank.org/curated/en/215561546957017567/Understanding-the-Economic-Impacts-of-Greenhouse-Gas-Mitigation-Policies-on-Shipping-What-Is-the-State-of-the-Art-of-Current-Modeling-Approaches
dc.identifier.doi10.1596/1813-9450-8695
dc.identifier.urihttps://hdl.handle.net/10986/31167
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 8695
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectTRANSPORT
dc.subjectTRANSPORT COSTS
dc.subjectGREENHOUSE GAS EMISSIONS
dc.subjectCLIMATE CHANGE MITIGATION
dc.subjectINTERNATIONAL MARITIME ORGANIZATION
dc.subjectMODELLING
dc.subjectECONOMIC IMPACT
dc.subjectTRADE
dc.subjectCARBON PRICING
dc.subjectCARBON TAX
dc.titleUnderstanding the Economic Impacts of Greenhouse Gas Mitigation Policies on Shippingen
dc.title.subtitleWhat Is the State of the Art of Current Modeling Approaches?en
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleUnderstanding the Economic Impacts of Greenhouse Gas Mitigation Policies on Shipping: What Is the State of the Art of Current Modeling Approaches?
okr.date.disclosure2019-01-22
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/215561546957017567/Understanding-the-Economic-Impacts-of-Greenhouse-Gas-Mitigation-Policies-on-Shipping-What-Is-the-State-of-the-Art-of-Current-Modeling-Approaches
okr.guid215561546957017567
okr.identifier.doi10.1596/1813-9450-8695
okr.identifier.externaldocumentum090224b0871467f7_7_0
okr.identifier.internaldocumentum30744698
okr.identifier.reportWPS8695
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/215561546957017567/pdf/WPS8695.pdfen
okr.statistics.combined3918
okr.statistics.dr215561546957017567
okr.statistics.drstats2655
okr.topicTransport::Transport Economics Policy & Planning
okr.topicEnvironment::Carbon Policy and Trading
okr.topicEnvironment::Climate Change Mitigation and Green House Gases
okr.topicInternational Economics and Trade::Trade and Environment
okr.topicInternational Economics and Trade::Trade and Services
okr.topicInternational Economics and Trade::Trade and Transport
okr.unitClimate Change Global Theme
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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