The impacts of carbon pricing on maritime transport costs and their implications for developing economies

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The impacts of carbon pricing on maritime transport costs and their implications for developing economies

Rojon, I; Lazarou, NJ; Rehmatulla, N; Smith, T; (2021) The impacts of carbon pricing on maritime transport costs and their implications for developing economies. Marine Policy , 132 , Article 104653. 10.1016/j.marpol.2021.104653. Green open access

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Abstract

We provide an in-depth review of the extant literature on the impact a maritime carbon pricing measure might have on maritime transport costs. First, we analyse the relative importance of the determinants of maritime transport costs for trade and economic development, and secondly assess the transmission channels and economic effects of a carbon price on maritime transport costs. We argue that the introduction of a carbon price has a limited impact on total maritime transport costs for the average country. However, Small Island Developing States and Least Developed Countries are more likely to be negatively impacted by such a measure in terms of maritime transport costs as we provide novel evidence that the relationship between per unit transport costs and trade flows is negative and elastic at least for the case of Pacific Small Island Developing States.

Type:	Article
Title:	The impacts of carbon pricing on maritime transport costs and their implications for developing economies
Open access status:	An open access version is available from UCL Discovery
DOI:	10.1016/j.marpol.2021.104653
Publisher version:	https://doi.org/10.1016/j.marpol.2021.104653
Language:	English
Additional information:	Copyright © 2021 The Authors. Published by Elsevier Ltd. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/).
Keywords:	Transport costs, Maritime transport, GHG emissions, Carbon pricing, Developing countries, International trade
UCL classification:	UCL UCL > Provost and Vice Provost Offices > UCL BEAMS UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment > Bartlett School Env, Energy and Resources
URI:	https://discovery.ucl.ac.uk/id/eprint/10132449