The CO2 tax for shipping to and from Europe will not be introduced for five years at the earliest. This was stated by European Transport Commissioner Adina Vălean during a working visit to Rotterdam.

According to the Commissioner, earlier introduction is not possible for procedural reasons. The shipping tax is part of a comprehensive package announced by the Dutch Commissioner Frans Timmermans. It takes time to consult with all parties concerned.'

Her statement is remarkable because the Dutch shipowners' association KVNR assumes that the tax on CO2 emissions will take effect as early as 2024. According to Vălean, this is not the case. The intention is to introduce the tax in 2027, based on the shipping industry's CO2 emissions in 2026', he says.

The CO2 tax for shipping will be introduced in the form of a surcharge on the price of fuel oil and marine diesel. This is the effect of the policy to greatly expand the CO2 emission trading system (ETS), which already applies to the energy sector, among others. At the current ETS price of around EUR 85 per tonne of CO2 emitted, the revenue from the shipping levy is approaching EUR 10 billion per year.

She went on to say that the European Commission was keeping a close eye on container shipping with its sky-high transport rates. The Commission is aware of the concerns of shippers. We are continuously investigating whether there are any inadmissible agreements between carriers, but so far we have not found any evidence of this. She did not venture a prediction as to whether or not the exemption of container alliances from cartel law will be extended. It expires in 2024. At that time we will see if there is a reason.

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Source: Nieuwsblad Transport

June 13, 2022