{"title":"Internalizing CO2 emissions in Spanish port efficiency analysis: A stochastic frontier approach with policy insights","authors":"Andrea Rodríguez, Lourdes Trujillo","doi":"10.1016/j.jup.2025.102009","DOIUrl":null,"url":null,"abstract":"<div><div>Recent regulatory changes have impacted the European Union (EU) maritime sector. This study evaluates the effect of carbon dioxide (CO<sub>2</sub>) emissions on the production frontier and Technical Efficiency (TE) of cargo handling services in Spain's 23 largest ports. Using the Material Balance Theorem, we justify the inclusion of CO<sub>2</sub> in a stochastic frontier model. Results show that accounting for emissions increases the weight of quasi-fixed inputs and reduces average inefficiency. These findings suggest that the new EU Maritime regulation (<em>FuelEU</em> and ETS) could help to internalize environmental externalities in port operations.</div></div>","PeriodicalId":23554,"journal":{"name":"Utilities Policy","volume":"96 ","pages":"Article 102009"},"PeriodicalIF":3.8000,"publicationDate":"2025-07-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Utilities Policy","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0957178725001249","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ENERGY & FUELS","Score":null,"Total":0}
引用次数: 0
Abstract
Recent regulatory changes have impacted the European Union (EU) maritime sector. This study evaluates the effect of carbon dioxide (CO2) emissions on the production frontier and Technical Efficiency (TE) of cargo handling services in Spain's 23 largest ports. Using the Material Balance Theorem, we justify the inclusion of CO2 in a stochastic frontier model. Results show that accounting for emissions increases the weight of quasi-fixed inputs and reduces average inefficiency. These findings suggest that the new EU Maritime regulation (FuelEU and ETS) could help to internalize environmental externalities in port operations.
期刊介绍:
Utilities Policy is deliberately international, interdisciplinary, and intersectoral. Articles address utility trends and issues in both developed and developing economies. Authors and reviewers come from various disciplines, including economics, political science, sociology, law, finance, accounting, management, and engineering. Areas of focus include the utility and network industries providing essential electricity, natural gas, water and wastewater, solid waste, communications, broadband, postal, and public transportation services.
Utilities Policy invites submissions that apply various quantitative and qualitative methods. Contributions are welcome from both established and emerging scholars as well as accomplished practitioners. Interdisciplinary, comparative, and applied works are encouraged. Submissions to the journal should have a clear focus on governance, performance, and/or analysis of public utilities with an aim toward informing the policymaking process and providing recommendations as appropriate. Relevant topics and issues include but are not limited to industry structures and ownership, market design and dynamics, economic development, resource planning, system modeling, accounting and finance, infrastructure investment, supply and demand efficiency, strategic management and productivity, network operations and integration, supply chains, adaptation and flexibility, service-quality standards, benchmarking and metrics, benefit-cost analysis, behavior and incentives, pricing and demand response, economic and environmental regulation, regulatory performance and impact, restructuring and deregulation, and policy institutions.