A1 Refereed original research article in a scientific journal
A COMPLIANCE COST ANALYSIS OF THE SECA REGULATION IN THE BALTIC SEA
Authors: Prause G, Olaniyi EO
Publisher: ENTERPRENEURSHIP & SUSTAINABILITY CENTER
Publication year: 2019
Journal: Entrepreneurship and sustainability issues
Journal name in source: ENTREPRENEURSHIP AND SUSTAINABILITY ISSUES
Journal acronym: ENTREP SUSTAIN ISS
Volume: 6
Issue: 4
First page : 1907
Last page: 1921
Number of pages: 15
ISSN: 2345-0282
DOI: https://doi.org/10.9770/jesi.2019.6.4(26)
Abstract
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
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
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