A few days ago, Maersk announced that the EU plans to include the shipping industry in the EU Emissions Trading System (ETS) from next year, and the cost of complying with EU ETS regulations may be high, which will affect transportation costs. Therefore, Maersk plans to levy these fees as a separate surcharge starting in the first quarter of 2023.
According to Maersk's announcement, there are currently five routes that choose to levy a carbon surcharge. The EU quota (EUA) is about 90 euros. The planned carbon surcharge standard is:
Far East-Nordic route: dry box: 170 euro/FFE (about 1180 RMB/FFE); Refrigerator: 255 Euro/FFE (about 1760 RMB/FFE)
Nordic-Far East Route: Dry Box: 99 Euro/FFE; Refrigerator: 149 Euro/FFE;
Nordic-US route: dry box: 184 euro/FFE; Refrigerator: 276 Euro/FFE;
South America West Coast-Europe Route: Dry Box: 213 Euro/FFE; Refrigerator: 319 Euro/FFE;
Middle East-Nordic route: dry box: 106 euro/FFE; Refrigerator: 159 Euro/FFE.
It is reported that in order to reduce greenhouse gas (GHG) emissions from international shipping, the International Maritime Organization (IMO) and the European Union (EU) are considering adopting mandatory measures to accelerate decarbonization. Other jurisdictions are also exploring measures with similar effects, but EU measures may take the lead. Considering that EU measures have a large degree of extraterritorial jurisdiction, they may affect the transportation of goods outside the EU.
on July 14, 2021, the European Commission announced a legislative proposal called "Fit for 55. As part of several legislative proposals, the European Commission proposes to include the shipping industry in the EU emissions trading system.
EU ETS adopts the principle of "limit and transaction. Limits are set on the total amount of greenhouse gases that may be emitted by factories, power plants, ships and other entities. Over time, this limit will gradually decrease, resulting in a gradual reduction in total emissions.
Within the limit, different entities purchase quotas that can be traded with each other. At the end of each year, all entities are required to submit quotas equal to their emissions. Each emission limit is one ton of carbon dioxide. Since the greenhouse gas emissions allowed by the quota and the greenhouse gas emissions of entities are not fixed figures, the price of each quota is not fixed and will fluctuate according to the supply and demand of the market emission quota.
, as a market-based measure, allows entities to reduce their emissions, retain excess quotas to meet future needs, or sell these quotas to other people in need. The aim is carbon price to promote and reward investment in decarbonization technologies.
However, the ETS proposal has not been adopted since the European Commission put forward it for nearly a year. It is expected that by the end of 2022, relevant agreements can be reached.
Source: Search.com