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Shipping stands to pay US$9.2 billion in EU carbon trading costs
来源：shippingazette 编辑：编辑部 发布：2023/07/21 16:22:05
THE maritime sector will pay EUR8.4 billion (US$9.2 billion) in 2026 in taxes and costs generated by the European Emissions Trading System (ETS), according to Hecla Emissions Management, a company founded by Wilhelm Ship Management and Affinity Shipping, reports Rotterdam's Offshore Energy.
The European Union's Monitoring, Reporting and Verification (EU MRV) regulation requires all ships exceeding 5,000 gross tonnes to collect and report data on CO2 emissions released to and from European Union (EU) and European Economic Area (EEA) ports that will serve as the basis for shipping's inclusion in the EU Emissions Trading System (ETS) from 1 January 2024.
The data show some significant year-on-year changes from 2021 despite the shipping industry as a whole showing a modest reduction in emissions.
According to the data, total ETS-applicable emissions for the maritime industry amounted to 83.4 million tonnes of CO2 in 2022, a modest decrease of 0.22 per cent from 2021. At the current market value of EUR90 per emissions allowance (EUA), shipping emissions carried a total worth of EUR7.5 billion for the year.
Taking into account the ETS phase-in period covering 40 per cent of emissions in 2024, 70 per cent in 2025 and 100 per cent in 2026, and utilizing the forward curve in EUAs, the estimates indicate that the shipping industry could be liable for EUR3.1 billion in 2024, EUR5.7 billion in 2025 and EUR8.4 billion in 2026, according to Hecla.
Furthermore, the data showed emissions decrease across multiple shipping segments, including tankers, container ships, general cargo ships, reefers, ro-ro and chemical tankers.
The container sector showed the largest reduction, falling by 8.95 per cent equating to 2.3 million tonnes of CO2 saved, the firm highlighted.
"The projected liabilities emphasize the importance of shipping companies preparing for their entry into the ETS," said Hugo Wilson, director of Hecla Emissions Management.
The European Union's Monitoring, Reporting and Verification (EU MRV) regulation requires all ships exceeding 5,000 gross tonnes to collect and report data on CO2 emissions released to and from European Union (EU) and European Economic Area (EEA) ports that will serve as the basis for shipping's inclusion in the EU Emissions Trading System (ETS) from 1 January 2024.
The data show some significant year-on-year changes from 2021 despite the shipping industry as a whole showing a modest reduction in emissions.
According to the data, total ETS-applicable emissions for the maritime industry amounted to 83.4 million tonnes of CO2 in 2022, a modest decrease of 0.22 per cent from 2021. At the current market value of EUR90 per emissions allowance (EUA), shipping emissions carried a total worth of EUR7.5 billion for the year.
Taking into account the ETS phase-in period covering 40 per cent of emissions in 2024, 70 per cent in 2025 and 100 per cent in 2026, and utilizing the forward curve in EUAs, the estimates indicate that the shipping industry could be liable for EUR3.1 billion in 2024, EUR5.7 billion in 2025 and EUR8.4 billion in 2026, according to Hecla.
Furthermore, the data showed emissions decrease across multiple shipping segments, including tankers, container ships, general cargo ships, reefers, ro-ro and chemical tankers.
The container sector showed the largest reduction, falling by 8.95 per cent equating to 2.3 million tonnes of CO2 saved, the firm highlighted.
"The projected liabilities emphasize the importance of shipping companies preparing for their entry into the ETS," said Hugo Wilson, director of Hecla Emissions Management.