TY - JOUR

T1 - Emissions trading in the aviation and maritime sector: Findings from a revised taxonomy

AU - Schinas, Orestis

AU - Bergmann, Niklas

N1 - Publisher Copyright: © 2021 The Author(s)

PY - 2021/10

Y1 - 2021/10

N2 - Market-Based Measures (MBMs) and especially emissions trading schemes (ETS) have been considered by the International Maritime Organization (IMO), as a supplementary set of initiatives to decarbonize international shipping. While respective decisions of the IMO are still pending, the global aviation industry has already accumulated experiences from ETS operations; hence the knowledge transfer is possible as this research field is largely unexplored. This paper aims to provide a detailed literature review of studies investigating the EU Emissions Trading System (EU ETS) for aviation and the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) as well as to deliver a taxonomy of ETS design and its effects. The findings are then compiled and clustered according to the taxonomy and explored in detail. Moreover, this paper discusses findings of this taxonomy that could support further on MBM in international shipping, such as important implications, and provisions for carbon financial market design.

AB - Market-Based Measures (MBMs) and especially emissions trading schemes (ETS) have been considered by the International Maritime Organization (IMO), as a supplementary set of initiatives to decarbonize international shipping. While respective decisions of the IMO are still pending, the global aviation industry has already accumulated experiences from ETS operations; hence the knowledge transfer is possible as this research field is largely unexplored. This paper aims to provide a detailed literature review of studies investigating the EU Emissions Trading System (EU ETS) for aviation and the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) as well as to deliver a taxonomy of ETS design and its effects. The findings are then compiled and clustered according to the taxonomy and explored in detail. Moreover, this paper discusses findings of this taxonomy that could support further on MBM in international shipping, such as important implications, and provisions for carbon financial market design.

KW - Aviation

KW - CORSIA

KW - ETS design

KW - EU ETS

KW - Emissions trading

KW - Environmental economics

KW - Shipping

KW - Management studies

UR - http://www.scopus.com/inward/record.url?scp=85134429989&partnerID=8YFLogxK

UR - https://www.mendeley.com/catalogue/81acd731-8c53-3102-96d5-4ba72d8e8cfc/

U2 - 10.1016/j.clscn.2021.100003

DO - 10.1016/j.clscn.2021.100003

M3 - Journal articles

VL - 1

JO - Cleaner Logistics and Supply Chain

JF - Cleaner Logistics and Supply Chain

SN - 2772-3909

M1 - 100003

ER -