THE CMA CGM/ANL Group has warned shippers toughening of the criteria of the European Union’s Emissions Trading Scheme will require increased cost recovery next year.
“Significant upcoming changes to the EU ETS regulation will impact our operations and, consequently, our EU ETS surcharges,” the carriers said.
“Starting in 2025, the EU ETS regulation will evolve to account for 70% of our emissions, compared to the current 40% in 2024. This substantial increase in the percentage of emissions covered by the EU ETS will have a direct impact on our cost structure.
“As a result of this regulatory change, we anticipate an increase of approximately 75% in our current EU ETS surcharge amounts. Please note that this estimate does not consider potential fluctuations in CO2 prices, which could further influence the final surcharge amounts.”
CMA CGM noted the EU ETS is a cornerstone of the EU’s policy to combat climate change and reduce greenhouse gas emissions cost-effectively. The changes in the regulation reflect the EU’s commitment to achieving its climate goals and ensuring a sustainable future: “We are committed to transparency and will continue to keep you informed about any further developments.”
The Group links Australia and New Zealand with Europe via the NEMO service via the Cape of Good Hope and the PAD service through Panama. Both services are weekly.
Q1 2025 amounts for the full trade coverage impacted by EU ETS will be available by 1 December.
The carriers’ notification comes as the IMO’s Marine Environment Protection Committee will debate the creation of an additional emissions control area that would encompass the entire North Atlantic. ECAs already cover the North Sea and Baltic Sea, and more agreed for the Canadian Arctic, East Coast North America, Norway and, from next year, the Mediterranean.
Splash 24/7 yesterday (12 November) reported that a new study by the International Council on Clean Transportation (ICCT) claims that up to 4,300 premature deaths can be avoided by the creation of a North Atlantic ECA, which would be the largest of its kind, stretching from Portugal to Greenland. It covers the sea areas of the Faroe Islands, France, Greenland, Iceland, Ireland, Portugal, Spain, and the United Kingdom.
The ICCT is joining with other NGOs to put the proposal to MEPC.
