The impact of an EU maritime emissions trading system on oil trades
Pierre Cariou, Elizabeth Lindstad, and Hajing Jia “The Impact of an EU Maritimes Emissions Trading System on Oil Trades.” Transportation Research Part D. 99. (2021): 1-13.
This paper exmaines the fiscal benefits of the EU’s emission trading system could have for research and development on the European oil shipping industry. The paper finds that the ETS could generate 0.3-1.4 billion USD per year and even a low price on emissions could provide sufficient incentives to upscale abatement measures.