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Distributing Carbon Revenues from Shipping

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dc.contributor.authorDominioni, Goran
dc.contributor.authorRojon, Isabelle
dc.contributor.authorSalgmann, Rico
dc.contributor.authorEnglert, Dominik
dc.contributor.authorGleeson, Cáit
dc.contributor.authorLagouvardou, Sotiria
dc.date.accessioned2023-06-14T21:23:29Z
dc.date.available2023-06-14T21:23:29Z
dc.date.issued2023-06-14
dc.description.abstractInternational shipping accounts for nearly three percent of global greenhouse gas emissions. If no further action is taken, these emissions are set to grow significantly. Apart from reducing emissions, there is a strong call for shipping’s decarbonization to be equitable. In this light, the International Maritime Organization is considering a price on carbon. This could raise $40 to $60 billion annually in revenues between 2025 and 2050. The report discusses which countries could access carbon revenues, for what purposes, and on what terms. It argues that revenues should be used to decarbonize shipping, enhance maritime infrastructure, and support broader climate aims. This (mix of options to use carbon revenues) would speed up shipping’s transition to zero-carbon energy, help build the necessary infrastructure, lower maritime transport costs, and result in climate benefits beyond maritime transport. It would also ensure that all countries, including those with no shipping industry or ports, could access carbon revenues. By developing a smart and flexible framework, the report shows how carbon revenues could be distributed to maximize climate benefits and support an equitable transition.en
dc.identifier.doi10.1596/39876
dc.identifier.urihttps://openknowledge.worldbank.org/handle/10986/39876
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by/3.0/igo
dc.subjectINTERNATIONAL SHIPPING
dc.subjectGREENHOUSE GAS EMISSIONS
dc.subjectGHG
dc.subjectDECARBONIZATION
dc.subjectCARBON REVENUES
dc.subjectMARITIME INFRASTRUCTURE
dc.subjectCLIMATE CHANGE ADAPTATION
dc.subjectZERO-CARBON ENERGY
dc.titleDistributing Carbon Revenues from Shippingen
dc.typeReport
dspace.entity.typePublication
okr.crossref.titleDistributing Carbon Revenues from Shipping
okr.date.disclosure2023-06-14
okr.doctypeEconomic & Sector Work
okr.guid099061423134034467
okr.identifier.doihttp://dx.doi.org/10.1596/39876
okr.identifier.report182841
okr.language.supporteden
okr.region.geographicalWorld
okr.topicEnvironment::Adaptation to Climate Change
okr.topicEnvironment::Climate Change Mitigation and Green House Gases
okr.topicEnvironment::Environmental Strategy
okr.unitITRGK - Global Knowledge (ITRGK)
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