A compliance cost analysis of the SECA regulation in the Baltic Sea

This paper measures and analyses the cost of sulphur emission control area (SECA) regulations that came into effect on the 1st of January 2015 in the BSR. Given the upcoming 2020 global sulphur directive, the role of the SECA regulatory costs analysis is vital in shaping global compliance. The speci...

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Bibliographic Details
Published in:Entrepreneurship and Sustainability Issues 2019-06, Vol.6 (4), p.1907-1921
Main Authors: Prause, Gunnar, Olaniyi, Eunice Omolola
Format: Article
Language:English
Subjects:
Costs
Sulfur
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Summary:This paper measures and analyses the cost of sulphur emission control area (SECA) regulations that came into effect on the 1st of January 2015 in the BSR. Given the upcoming 2020 global sulphur directive, the role of the SECA regulatory costs analysis is vital in shaping global compliance. The specific measure of regulatory costs used the data of ship traffic in the BSR and their fuel consumption before and after the SECA implementation to estimate the change in shipping costs in the SECA area. The result indicates high costs, but not overly significant or negative as was predicted before the enforcement primarily because of the reduced cost of maritime fuel
ISSN:2345-0282
2345-0282
DOI:10.9770/jesi.2019.6.4(26)