Changes in EU ETS Regulation

 CMA CGM wishes to inform its customers about significant upcoming changes to the EU Emissions Trading System (EU ETS) regulation that will impact our operations and, consequently, our EU ETS surcharges.

What is EU ETS?

The EU ETS requires ocean carriers to monitor and report their CO2 emissions from voyages to and from EU ports. Starting in 2024, a portion of these emissions are subject to the cap and trade system, meaning carriers need to buy or receive allowances to cover their emissions. This regulation aims to incentivize the reduction of greenhouse gas emissions in the maritime sector, encouraging investment in more efficient and environmentally friendly technologies and practices.

What's Changing?

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. Additionally, by 2026, the EU ETS regulation will account for 100% of our emissions.

Expected Impact

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.

Q1 2025 amounts for the full trade coverage impacted by EU ETS will be available by December 1st, 2024 on: https://www.cma-cgm.com/ebusiness/tariffs/charge-finder

Why This Matters

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. 

Please do not hesitate to contact your local CMA CGM sales representative should you need further information.