A Study on the Economic Impact of Emission Reduction in The Shipping Industry

Abstract:

Concerning the maritime transportation industry, according to the International Maritime Organization  (the United Nations’ regulatory body to ensure that the shipping industry contribution in emissions’ reductions is managed effectively) CO2 emissions have increased by almost 70 per cent in the last 25 years. As a result of the imminent threat, the European Commission together with the organizations concerned with the decrease of the pollution level and the control of the greenhouse gas emissions decided to regulate the system through the introduction of new threshold via legislative measures. The paper highlights the results of a doctoral research concerning ship owners attitudes towards sustainable strategies designed to meet the requirements of the new regulations imposed by the International Maritime Organization. The first objective is to reveal the relevant measures undertaken by shipowners to support the decrease in green house gas and non- greenhouse gas emissions.                                                                                                  

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