IMF Working Papers

Carbon Taxation for International Maritime Fuels: Assessing the Options

By Ian W.H. Parry, Dirk Heine, Kelley Kizzier, Tristan Smith

September 11, 2018

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Ian W.H. Parry, Dirk Heine, Kelley Kizzier, and Tristan Smith. Carbon Taxation for International Maritime Fuels: Assessing the Options, (USA: International Monetary Fund, 2018) accessed November 8, 2024

Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

The International Maritime Organization (IMO) announced in April 2018 a target of cutting greenhouse gas (GHG) emissions from the sector by 50 percent below 2008 levels by 2050 and subsequent meetings of the IMO will develop a strategy for making headway on this commitment. This paper seeks to inform dialogue about the possibility of a carbon tax as a key element of GHG mitigation policy for international maritime transport. The paper discusses the case for the tax over alternative mitigation instruments, options for the practical design issues, and then presents estimates of the impacts of carbon taxation and other instruments from an analytical model of the maritime sector.

Subject: Carbon tax, Environment, Expenditure, Fuel prices, Greenhouse gas emissions, Prices, Public expenditure review, Revenue administration, Taxes

Keywords: Carbon tax, Climate mitigation, Cost, Design issues, Emissions price, Establishment, Fuel prices, Global, Greenhouse gas emissions, International Marime Organization, Maritime emissions, One-off price increase, Public expenditure review, Revenue, Revenue use, Revenue-limiting tax scheme, Revenue-neutral feebate, Revenue-recycling benefit, Shipping cost, Spreadsheet model, WP

Publication Details

  • Pages:

    39

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 2018/203

  • Stock No:

    WPIEA2018203

  • ISBN:

    9781484374559

  • ISSN:

    1018-5941

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