Cost Effect of EU’s Carbon Levy by Container Ship Capacities


Nuran M., Arabelen G., Özispa N.

International Association of Maritime Universities (IAMU) Conference - IAMU AGA 22, Batumi, Georgia, 19 - 22 October 2022, pp.22-28

  • Publication Type: Conference Paper / Full Text
  • City: Batumi
  • Country: Georgia
  • Page Numbers: pp.22-28
  • Dokuz Eylül University Affiliated: Yes

Abstract

The increase in global GHG emissions has revealed the concept of sustainability in transportation and to prevent this increase worldwide, regulations or laws are required. In the literature, the use of fossil fuels is shown as the primary cause of GHG emissions, and it is stated that the share of the transportation industry in this use is quite high. Aiming to reduce GHG emissions, IMO has committed to reducing carbon emissions from the shipping industry by at least 50 percent below 2008 levels by 2050. The levy to be charged for international marine fuel has emerged as an important component of this strategy. This study aims to determine the cost effect of EU carbon levy for container ship owners and freights. Within the scope of the study, the data on the X shipping line’s container ships that called at EU ports between April 2021 and April 2022, obtained from the ShipsGo Global Container Shipping Platform have been analyzed. Results demonstrate that The X shipping line should pay 336.784 €, 757.765 €, 1.178.745 €, 1.683.922 € consecutively in 2023, 2024, 2025 and 2026 as carbon levy.