Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.enpol.2020.111721 |
The impact of split incentives on energy efficiency technology investments in maritime transport | |
Nishatabbas Rehmatulla, Tristan Smith | |
2020-09-16 | |
发表期刊 | Energy Policy |
出版年 | 2020 |
英文摘要 | This paper presents the first analysis of how the split incentive market failure affects the implementation of energy efficiency technologies in the maritime transport sector. In maritime transport, split incentives occur due to the different types of charter (resulting in the divided responsibility for fuel costs) existing between shipowners and charterers. The paper uses a robust and rigorous framework of methods to operationalise the split incentive concept in a cross-sectional survey of 275 shipowners, representing around 25% (6000 ships) of the target population, resulting in the most comprehensive data on the implementation of energy efficiency technologies in shipping. The findings show, contrary to that postulated in the literature, that firms that have majority of their ships on time charter (i.e. those that don't directly observe the energy price signal but may potentially receive an energy efficiency premium) have a higher implementation of energy efficiency technologies compared to firms that operate ships on the spot charter (i.e. directly observe the price signal). To some extent the findings could be due to the effect that other confounding variables may have on the implementation of measures and the extent to which the shipping market is correcting or overcoming the split incentive efficiency problem. |
领域 | 气候变化 |
URL | 查看原文 |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/295321 |
专题 | 气候变化 |
推荐引用方式 GB/T 7714 | Nishatabbas Rehmatulla, Tristan Smith. The impact of split incentives on energy efficiency technology investments in maritime transport[J]. Energy Policy,2020. |
APA | Nishatabbas Rehmatulla, Tristan Smith.(2020).The impact of split incentives on energy efficiency technology investments in maritime transport.Energy Policy. |
MLA | Nishatabbas Rehmatulla, Tristan Smith."The impact of split incentives on energy efficiency technology investments in maritime transport".Energy Policy (2020). |
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