Arrange the following CO 2 abatement techniques for international shipping in order of increasing MAC (marginal abatement
Question:
Arrange the following CO2 abatement techniques for international shipping in order of increasing MAC (marginal abatement cost): reduce speed, switch to gas-powered engines, propeller maintenance, tap wind power with sails and wings.
Transcribed Image Text:
Application 3 OPTIONS FOR REDUCING CO2 EMISSIONS FROM INTERNATIONAL SHIPPING APPLYING THE CONCEPTS #3: What is the most efficient way to reduce pollution? mor 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 alterna- tive 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 Related to Exercise 3.7. SOURCES: Based on Magnus Eide, Tore Longva, Peter Hoffmann, Oyving Endre- sen, and Stig Balssoren, "Future Cost Scenarios for Reduction of Ship CO2," Maritime Policy Management 38 (2011), pp. 11-37.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
The CO2 abatement techniques for international shipping arranged in order of increa...View the full answer
Answered By
Milan Mondal
I am milan mondal have done my Msc in physics (special astrophysics and relativity) from the University of burdwan and Bed in physical science from the same University.
From 2018 I am working as pgt physics teacher in kendriya vidyalaya no2 kharagpur ,west bengal. And also I am doing advanced physics expert in chegg.com .also I teach Bsc physics .
I love to teach physics and acience.
If you give me a chance I will give my best to you.
5.00+
4+ Reviews
10+ Question Solved
Related Book For
Microeconomics Principles Applications And Tools
ISBN: 9780134078878
9th Edition
Authors: Arthur O'Sullivan, Steven Sheffrin, Stephen Perez
Question Posted:
Students also viewed these Business questions
-
International shipping is responsible for about 3% of global CO 2 emissions, and there are many ways to reduce (abate) CO 2 emissions. As a tool for comparing the cost of alternative reduction...
-
You will be using the background information provided at the beginning of the problem, the Company Profiles information, and Recent Developments information (not the information or instructions under...
-
Arrange each group of compounds in order of increasing acidity. (a) Phenol, ethanol, acetic acid (b) P-toluenesulfonic acid, acetic acid, chloroacetic acid (c) Benzoic acid, o-nitrobenzoic acid,...
-
At the current year-end, a company shows the following unadjusted balances for selected accounts. a. After an analysis of future sales discounts, the company estimates that the Allowance for Sales...
-
The Canadian National Railway Companys (CN) total assets in a recent year were $24,004 million and its total liabilities were $14,180 million. That year, CN reported operating lease commitments for...
-
(a) Use the Gauss-Seidel method to solve the following system until the percent relative error falls below s = 5%: (b) Repeat (a) but use overrelaxation with = 1.2. 0.8 -0.4 -0.4 0.8 -0.4 -0.4 0.8...
-
Describe the similarities and dissimilarities among the following types of creditors: secured creditors, unsecured creditors, and preferred creditors.
-
Ruths Chris Steakhouse is the largest upscale steakhouse company in the United States, based on total company- and franchisee-owned restaurants. The companys menu features a broad selection of high...
-
8. Money and Foreign exchange markets in Frankfurt and NY are very efficient and reflect the following information Spot Ex rate 1-yr TB rate a) $0.9000/Euro London 6.5% Unknown NY $0.9000/Euro 3.20%...
-
In 2011, the average salary in Major League Baseball (MLB) was $3.3 million. Are players really worth that much? A team will pay $3.3 million for a player only if the players marginal revenue product...
-
If a CO 2 washing machine can trap CO 2 at a cost of $30 per ton, a gasoline tax of roughly __________ per gallon of gasoline would cover the cost of capturing the CO 2 it generates. Application 2...
-
Last year, Lakeshas Lounge Furniture Corporation had an ROE of 17.5 percent and a dividend payout ratio of 20 percent. What is the sustainable growth rate?
-
Explain the tax treatment oft he following business casualty losses: complete destruction of the property and partial destruction of the property.
-
Herman Welbe owns one car dealership in Ohio and one in Florida. Each year, Herman lives eight months in Ohio and four months in Florida. In the current year, Herman received $900,000 net income from...
-
Harold and Maude filed a joint return for 2018 reporting: Maude inadvertently omitted some income from this return. The six-year statute applies only if Maudes omitted gross income exceeds: a....
-
What is the difference between focus and differentiation as competitive strategies?
-
Bevis Bag Co. purchased a tract of land on August 31 of the current year, paying $225,000. Prior to the sale, the seller paid property taxes of $18,000 on the property. The taxes covered the calendar...
-
Assume a margin of error of plus or minus 10 percent in estimating any number required as an input for a capital budgeting decision. Under ordinary conditions, the net present value of a project is...
-
In 1995 Miguel purchased a home for $130,000. In 2000 he sold it for $170,000 and immediately purchased another one for $180,000, which he sold in 2007 for $235,000. How much taxable capital gain, if...
-
(Computation of Net Income) Presented below are changes in all the account balances of Fritz Reiner Furniture Co. during the current year, except for retained earnings. Increase Increase (Decrease)...
-
(Income Statement Items) Presented below are certain account balances of Paczki Products Co. From the foregoing, compute the following: (a) Total net revenue, (b) Net income, (c) Dividends declared...
-
(Single-step Income Statement) The financial records of LeRoi Jones Inc. were destroyed by fire at the end of 2004. Fortunately the controller had kept certain statistical data related to the income...
-
Milea Incorporated experienced the following events in Year 1, its first year of operations: 1. Received $13,500 cash from the issue of common stock. 2. Performed services on account for $45,000. 3....
-
A manufacturing company producing a single product sells it at Rs. 60 per unit. The unit variable cost is Rs. 42 and the fixed cost amounts to Rs. 15 lakhs per annum. with the data you are required...
-
The formula relating amount of loan P, annual payments A, number of years n, and annual interest rate i is given as the following equation i(1+i)" A=P (1+ i)n- 1 Assume that you are going to buy a...
Study smarter with the SolutionInn App