Crude oil trade and green shipping choices

Crude oil trade and green shipping choices

Crude oil

Petroleum industry

Energy efficiency

Environment

Oil tankers

Supply chain

Trade

Heavy oil production

Petroleum transportation

Gas emissions

Greenhouse gases

Commerce

Supply chains

Automatic identification

Residual fuels

Public utilities

Green manufacturing

Petroleum fuels the world economy but also burdens the environment due to greenhouse gas (GHG) emissions. Forty percent of annual global crude oil production is transported by ships, which are fueled by residual heavy fuel oil, yet GHG released during transportation is not required to be included in emission reporting for oil and gas companies. We investigate, for the first time, the extent to which oil buyers apply “green” operational practices in their maritime supply chain. We utilize a unique micro-level oil shipment dataset derived from commercial oil market data and the Automated Identification System (AIS) for vessel tracking. Our empirical results highlight the differences between being “green on paper” and “green in practice” and are important for policy makers in the future environmental upgrading of the tanker shipping and oil industry.

618-634

65

Transportation Research Part D: Transport and Environment

2018

2018-12-01

Jia, Haiying

journalArticle

1361-9209

10.1016/j.trd.2018.10.003

https://www.sciencedirect.com/science/article/pii/S1361920918301275