Information:
The ETS aims to significantly reduce emissions by 2030 and bring them to net zero by 2050.
All shortsea routes involving Interteam's transports and ships with a gross register number of more than 5000 will be subject to the EU Emissions Trading Scheme from 1 January 2024.
Under the EU Emissions Trading Scheme, every shipping company with ships calling at or leaving ports in the EU or EEA is obliged to comply with the regulations. This means that shipping companies must buy emission allowances for every tonne of CO2 to cover their CO2 emissions each year.
The quantity of CO2 emissions is limited and supply and demand determine the price of emission allowances. As a result, the price of certificates [European Emission Allowances (EUAs)] will rise over time.
For journeys between EU and non-EU countries (e.g. UK), emission allowances must be purchased for 50% of the route between the two ports.
On the short sea routes between the EU and UK, the ETS will therefore only apply to 50% of the route for the time being. However, the UK is developing its own version of the ETS, which is expected to be introduced in the coming years.
Implementation schedule (EU):
The shipping companies will go through an introductory phase as a first step. In 2024, allowances for 40% of total emissions must be purchased. This proportion will rise to 70% in 2025 and finally reach 100% in 2026.
Estimated costs:
The costs of the ETS, joint compliance and combating climate change, as well as the reduction of greenhouse gas emissions must be absorbed by the market. The surcharge introduced is not a means of making a profit! The cost per tonne of carbon dioxide can be tracked*. A monthly surcharge will be introduced from 1 January 2024. Final cost calculations are currently being made. Further information will follow.
Further information:
*Cost per tonne of carbon dioxide: https://ember-climate.org/data/data-tools/carbon-price-viewer/
Extension of the EU Emissions Trading Scheme to maritime transport: https://climate.ec.europa.eu/eu-action/transport/reducing-emissions-shipping-sector/faq-maritime-transport-eu-emissions-trading-system-ets_en#extension-of-the-eu-emissions-trading-system-to-maritime-transport
