Decarbonization in maritime transport. Freight can increase by up to 30%

$ 150 per ton of CO2 from the ship

Maersk proposed a fee of $ 150 per ton of CO2, suggesting that such a restrictive amount would encourage maritime transport to quickly switch to greener fuels.

– The Danish shipowner has proposed a tax of at least USD 450 (EUR 369) per ton of fuel, which is USD 150 (EUR 123) per ton of coal – reported EurActiv in early June 2021, adding that Maersk CEO Soren Skou justified the proposed additional amount charges “a charge to bridge the gap between the fossil fuels currently consumed by ships and cleaner alternatives that are currently more expensive”.

In May 2022, Japan proposed a payment to mobilize merchant ship operators to decarbonise shipping. Japan has launched an initiative to introduce a global carbon tax. A fee of $ 56 per tonne of CO2 from 2025 onwards would mobilize shipowners to invest in environmentally friendly ships, according to the country’s administration.

Japan proposed that the costs of operating ships with lower technical parameters should be borne increasingly financial. Every five years, charges for CO2 emissions would rise to USD 135 per tonne of CO2 in 2030, USD 324 per tonne in 2035 and as much as USD 637 per tonne by 2040. Bunkering charges should be three times higher as proposed. It was argued that each ton of bunker fuel produces about three tons of CO2.

– We understand that the proposal was made as part of the proposed options to reduce carbon dioxide emissions at the 78th meeting of the Marine Environment Protection Committee (MEPC) held on June 6-10, 2022, explain the Japanese proposal Jim Loftis, Ciara Ros and Tatiana Freeman with Vinson & Elkins LLP in Bloomberg Tax.

More: Marek Grzybowski: Decarbonization in the shipping industry