Sustainable Financing for Controlling Transboundary Pollution by Shipping in the Malacca Straits - Options and Implications

Authors

Thomas A. Grigalunas, University of Rhode Island
Young Tae Chang, University of Rhode Island
James Opaluch, University of Rhode Island

Document Type

Article

Date of Original Version

1-27-2000

Abstract

Pollution from shipping is a major issue in the Straits of Malacca (SOM). Unless appropriate measures are taken, pollution may increase as traffic through the SOM grows. This paper examines alternative mechanisms to finance straits-wide, transboundary measures to prevent or control pollution from shipping in the SOM. Cooperative programs and various user charges for cost of services are examined, and issues and options for financing these services presented. The implications of financing alternatives are assessed in general terms using the criteria of economic efficiency, fairness, transaction costs, impact on behaviour, and political feasibility.

Publication Title, e.g., Journal

International Journal of Maritime Economics

Volume

2

Issue

4

Citation/Publisher Attribution

Grigalunas, Thomas A., Young Tae Chang, and James Opaluch. "Sustainable Financing for Controlling Transboundary Pollution by Shipping in the Malacca Straits - Options and Implications." International Journal of Maritime Economics 2, 4 (2000). doi: 10.1057/ijme.2000.25.