What is it about?
Two years of 0.1% Sulphur regulation have witnessed many changes in the maritime and most of the first responses were realised with vessels that ply the Baltic Sea. This work presents an account of the Baltic Sea Region's maritime industry approaches towards SECA regulation as well as the economic impact.
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Why is it important?
Illuminates how various maritime stakeholders have contributed to clean shipping, blue growth and the EU2020 objectives in the BSR. It serves as a background study for the 2020 global Sulphur cap implementation.
Perspectives
I really hope this work will be able to make meaningful impact in the maritime industry and that showcasing clean shipping achievements in the BSR will put the region in a good light that will accelerate larger solutions that can be explored worldwide.
Dr Eunice Omolola Olaniyi
Turun Yliopisto
Read the Original
This page is a summary of: Towards EU 2020: An Outlook of SECA Regulations Implementation in the BSR, Baltic Journal of European Studies, January 2017, De Gruyter,
DOI: 10.1515/bjes-2017-0016.
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Resources
Economic impact of SECA regulations on clean shipping in the BSR
This paper presents the first results on measures taken by stakeholders towards sulphur emission reduction and stakeholders impressions of the financial impact of SECA regulations on their businesses and BSR.
The Economic Impact of Environmental Regulations on a Maritime Fuel Production Company
Study investigates the impact of environmental regulations on the business model of the maritime supply company Viru Keemia Grupp (VKG), which is of national importance to the Estonian economy, especially in the eastern region. It explores the strategic entrepreneurial compliance options for VKG based on their return on investments and associated risk. The findings show that VKG is currently struggling to keep afloat under the weight of the consequences of changes in maritime consumer demand due to sulphur emission regulations and that the most viable compliance options are expensive and risky.
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