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International Cooperation Department
Tel.: (+86-21) 65853850-8034
Fax: (+86-21) 65373125
E-mail: ICDept@sisi-smu.org
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International Shipping |
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| Turkey's ‘plugging the leak’: ushering in the era of carbon pricing in shipping! |
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Date:2024-07-31 Readers:
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Recently, the Turkish Parliament approved plans for a carbon pricing mechanism for the country's shipping industry. The amendment to the port law provides for the introduction of a tax on shipping emissions, whereby shipowners will be required to pay a fee for the carbon dioxide emitted by merchant ships entering and leaving Turkish seaports.
The amendment to the ports law was published in the Official Gazette on 9 July, and the Presidency will issue a regulation guiding the types of ships to be covered, their tonnage, the criteria for the emission fee, and the procedures for monitoring, reporting and verification of ship emissions, which is expected to regulate more than 10 million tonnes of carbon dioxide emissions, the equivalent of Luxembourg's emissions for one year.
This approval coincides with the upcoming launch of a wider carbon market in Turkey. In its Climate Change Mitigation Strategy and Action Plan (CCMSAP) for 2024-2030, the Turkish government has proposed the establishment of an Emissions Trading System (ETS). In addition, the system seeks to align itself with the European Union's Carbon Market and Carbon Border Adjustment Mechanism (EU CBAM).
As EU container transhipments rise at Turkish ports, calls are growing for a simplified EU ETS to avoid the diversion of seaborne trade to non-EU countries.The EU ETS requires ships to pay carbon allowances for 100 per cent of the emissions emitted during stopovers in EU ports and during voyages between EU ports, as well as for 50 per cent of the carbon emissions from voyages outside the EU.
According to the EU ETS adopted by the European Commission last year, Turkish ports are not included in the criteria for container transhipment ports in neighbouring countries. This policy allows the European Commission to include non-EU transshipment ports in its carbon tax regime.
Turkey's container transshipment volume grew to 1.2 million TEUs between January and May 2024, a 54 per cent increase year-on-year, according to data from the Turkish Ministry of Transport. EU countries were the largest destination, accounting for 28 per cent of total throughput, or about 340,000 TEUs. This growth has raised some concerns that some carriers may be transhipping cargo through Turkey to avoid EU carbon taxes.
https://www.cnss.com.cn/html/sdbd/20240731/354226.html
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