What is it about?
We apply sharing economy principles and deliver a business model, where marine operators pay only a percentage of the equipment cost upon installation and then they split the benefits with the equipment supplier. Therefore, both parties have skin in the game and are therefore motivated to increase the expected benefit, i.e. the reduction of CO2 by lowering fuel consumption and/or by getting the benefit of fuel price differentials.
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Why is it important?
1. It is the first paper on sharing economy in the 'marine' literature. 2. It is an expandable and rather generic model. 3. Enables sensitivity and limits analysis, therefore improves decision-making.
Perspectives
I hope that this work will attract the interest of both researchers and business decision-makers, as it suggests an innovative approach for considering the selection of greening technologies for ships. The model is streamlined with operational pragmatism while it offers transparency and a leveled ground for negotiations.
Prof. Orestis Schinas
University of Aegean
The proposed technology-agnostic model highlights the importance of financing concepts for shipping`s greening process. However, there is still a substantial research gap in the financing of maritime greening. Thus, the model could be a first step towards innovative solutions to green shipping`s funding obstacles. Therefore, it is a trailblazer for further research and might even be considered by the industry.
Daniel Metzger
Hamburg School of Business Administration
Read the Original
This page is a summary of: A pay-as-you-save model for the promotion of greening technologies in shipping, Transportation Research Part D Transport and Environment, April 2019, Elsevier,
DOI: 10.1016/j.trd.2019.01.018.
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