Methodology to Assess the Technoeconomic Impacts of the EU Fit for 55 Legislation Package in Relation to Shipping
Journal of Marine Science and Engineering
; 10(8):1006, 2022.
Article
in English
| ProQuest Central | ID: covidwho-2023810
ABSTRACT
The recent inclusion of shipping in the Fit for 55 legislation package will have large knock-on effects on the industry and consequently on end consumers. The present paper presents an innovative top-down methodology, the MSF455 model, which estimates the new vessel Operational Expenditure (OPEX) as per the provisions of the Fit for 55 package and various scenarios based on carbon tax, penalty allowances, maritime fuel tax and effect. The methodology is presented and tested against six scenarios that are based on Det Norske Veritas’s (DNV) fuel maritime projections. The model illustrates that the distinction between intra-EU and extra-EU penalty allowance creates a large disparity and thus reduction in the competitiveness of goods (produced and transported).
Earth Sciences--Oceanography; vessel OPEX; decarbonization; alternative green fuels; market-based measures; Fit for 55; Fuels; Competitiveness; Legislation; Ports; Methods; Shipping; Emissions; New vessels; International trade; Taxation; Greenhouse effect; Repair & maintenance; COVID-19; Methodology; Exports; Marine transportation; Costs; Carbon; Alternative energy sources; Shipping industry
Full text:
Available
Collection:
Databases of international organizations
Database:
ProQuest Central
Type of study:
Experimental Studies
Language:
English
Journal:
Journal of Marine Science and Engineering
Year:
2022
Document Type:
Article
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