气候变化领域集成服务门户(CCPortal): The impact of split incentives on energy efficiency technology investments in maritime transport

CCPortal

DOI	10.1016/j.enpol.2020.111721
	The impact of split incentives on energy efficiency technology investments in maritime transport
	Rehmatulla N.; Smith T.
发表日期	2020
ISSN	03014215
卷号	147
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. © 2020 Elsevier Ltd
关键词	Barriers Energy efficiency Maritime Split incentives Technologies Transport
英文关键词	Commerce; Investments; Population statistics; Ships; Cross-sectional surveys; Energy efficiency technologies; Energy prices; Maritime transport; Market failures; Price signals; Shipping market; Split incentives; Energy efficiency; energy efficiency; incentive; investment; shipping
语种	英语
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/204834
作者单位	University College London (UCL), London, United Kingdom
推荐引用方式 GB/T 7714	Rehmatulla N.,Smith T.. The impact of split incentives on energy efficiency technology investments in maritime transport[J],2020,147.
APA	Rehmatulla N.,&Smith T..(2020).The impact of split incentives on energy efficiency technology investments in maritime transport.Energy Policy,147.
MLA	Rehmatulla N.,et al."The impact of split incentives on energy efficiency technology investments in maritime transport".Energy Policy 147(2020).