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Understanding the Energy Efficiency Operational Indicator: An empirical analysis of ships from the Royal Belgian Shipowners' Association

Parker, S; Raucci, C; Smith, TWP; Laffineur, L; (2015) Understanding the Energy Efficiency Operational Indicator: An empirical analysis of ships from the Royal Belgian Shipowners' Association. UCL Energy Institute: London, UK. Green open access

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Abstract

This paper explores the determinants of the Energy Efficiency Operational Indicator (EEOI1) by decomposing the indicator into sub-indices that reflect the technical characteristics and logistics of ships. We examine these sub-indices by first constructing a model that mathematically describes the components that comprise the EEOI. A panel dataset of ships’ fuel consumption parameters and transport work is used to estimate these sub-indices. We find that there is a relationship between technical efficiency (EEDI) and EEOI across different ship sizes, but there is a wide dispersion of EEOI values within a ship size class. This can be explained by the variation in logistics factors, with little evidence of correlation between EEOI and any one logistics factor. For all of the types and sizes considered, variations in EEOI can be explained only by considering contributions from a combination of the logistics factors.

Type: Report
Title: Understanding the Energy Efficiency Operational Indicator: An empirical analysis of ships from the Royal Belgian Shipowners' Association
Open access status: An open access version is available from UCL Discovery
Publisher version: https://www.ucl.ac.uk/bartlett/energy/publications...
Language: English
Additional information: This version is the version of record. For information on re-use, please refer to the publisher’s terms and conditions.
Keywords: Energy Efficiency Operational Indicator (EEOI), shipping, MRV, energy efficiency, carbon intensity
UCL classification: UCL
UCL > Provost and Vice Provost Offices
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/1472831
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