Starting in 2024, Europe will implement a carbon tax on maritime transport known as ETS (EmissionsTrading System) that involves the allocation and trading of greenhouse gas (GHG) emission rights. At Roldán International Freight Solutions transportation agent and international cargo from Roldán Logistics; We will tell you details of this regulation for the maritime transport of goods.
Emissions Trading System (ETS):
The ETS is a policy tool used to address greenhouse gas emissions. It works by setting a maximum limit for permitted emissions and issuing permits that authorize companies to emit a certain amount of gases. Companies that emit less than their limit can sell their surpluses to those that exceed their quotas. This approach encourages the reduction of emissions and allows for the efficient allocation of resources.
European Union (EU) Policies on Climate Change:
The EU has been a leader in environmental and climate policies. The European Commission has proposed a series of measures to increase climate ambition and achieve carbon neutrality by 2050. Among these measures are proposals to reform the ETS and expand its scope to different sectors.
This new system is in line with the EU's ongoing efforts to combat climate change and reduce greenhouse gas emissions.
It will be implemented in 3 stages:
1.2024
Pay 40% of the emissions emitted
2. 2025
Pay 70% of the emissions emitted
3. 2026
Pay for 100% of the emissions emitted
What should companies in Colombia that export to the EU take into account?
The implementation of an Emissions Trading System (ETS) in Europe can have various impacts on foreign trade operations in Colombia. Here are some possible effects:
1.Additional costs for Exporting Companies: companies in Colombia that export products to European countries could face additional costs if their goods are linked to greenhouse gas emissions. greenhouse effect. This will depend on the nature of the assets and how the ETS is structured.
2. Requirements Environmental Compliance: could be subject to stricter requirements in terms of environmental compliance in order to export to Europe. This could include the need to reduce emissions associated with the production and transportation of goods.
3.Opportunities for the Export of Clean Technologies: On the other hand, the implementation of environmental measures in Europe could open opportunities for Colombian companies that offer clean technologies and sustainable solutions. Demand for organic products and sustainable production processes could increase.
4.Pressure to Adopt Sustainable Practices: The adoption of an ETS in Europe could put pressure on Colombian companies to adopt more sustainable practices in their operations and supply chains. This could involve investments in green technologies and energy efficiency.
5.Collaboration on Sustainability: The implementation of the ETS could encourage collaboration between European and Colombian companies in sustainable initiatives. This could include agreements to reduce emissions throughout the supply chain.
At Roldán International freight Solutions we will monitor this new regulation and its impact on logistics charges with the EU, and we will work together with our allies in the region to advise our clients in Colombia.
At Roldán International freight Solutions we will monitor this new regulation and its impact on logistics charges with the EU, and we will work together with our allies in the region to advise our clients in Colombia.
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