International shipping is responsible for about 3% of global CO 2 emissions, and there are many ways
Question:
International shipping is responsible for about 3% of global CO2 emissions, and there are many ways to reduce (abate) CO2 emissions. As a tool for comparing the cost of alternative reduction methods, policy analysts compute the marginal abatement cost (MAC) of each method, defined as the cost per ton of CO2 abated. For low-cost methods such as propeller maintenance and weather-sensitive routing, the fuel savings cover the cost of the abatement method, so the MAC for these methods is close to zero. For other abatement methods, the MAC is higher:
• Switch from diesel to gas-powered engines: $20 per ton
• Reduce speed and increase fleet size: $90 per ton
• Install fixed sails and wings to tap wind power: $105 per ton
Question.
What is the most efficient way to reduce pollution?
Step by Step Answer:
Microeconomics Principles Applications And Tools
ISBN: 9780134078878
9th Edition
Authors: Arthur O'Sullivan, Steven Sheffrin, Stephen Perez