Seatec International Maritime Annual Review 2024 | Page 42

In the Baltic Sea area , the new regulations will mean significant increases in traffic costs .
i . e . regions that are most geographically distant from the European continent .
HUGE INCREASES EXPECTED IN MARITIME FREIGHT COSTS
In the Baltic Sea area , the new regulations will mean significant increases in traffic costs .
According to preliminary estimates , the cost effects may be in the order of 500 to 700 million euros annually by the year 2026 . These figures take into account both the emission trading and the effects of switching to new maritime fuels .
Expanding the coverage of ETS regulations is part of the EU ’ s larger ” Fit for 55 ” regulation package , intended for achieving a 55 percent reduction in environmental emissions by the year 2030 . Most of those requirements are already being incorporated into the national legislation of all EU member states , including Finland .
The CEO of the Finnish Freight Forwarding and Logistics Association , Mr . Petri Laitinen , noted in his social media posts in November 2023 that ETS-related cost increases may come as a surprise to many Finnish companies operating in the field of foreign exports and imports . However :
” Emission trading is an important and efficient tool for reducing environmental emissions in maritime traffic , even though it will mean cost increases during the transitional stage ,” Mr . Laitinen concluded in his LinkedIn post . n
LITERARY AND ONLINE SOURCES :
Carraro , Camilla – Osipova , Liudmila : The Maritime Sector in the European Union Emissions Trading System . International Council on Clean Transportation ( ICCT ), Dec . 2023 .
Carraro , Camilla – Osipova , Liudmila : Shipping Emissions under the European Union Emissions Trading System . International Council on Clean Transportation ( ICCT ), Dec . 2023 .
EU : n päästökauppa laajenee meriliikenteeseen vuonna 2024 . EK online news , Helsinki 2023 ( www . ek . fi ).
Petri Laitinen ’ s Post on LinkedIn , Nov . 2023 ( https :// www . linkedin . com / posts /).
Traficom : Marine Transport Will Become Part of the Emissions Trading System . Helsinki 2024 ( www . traficom . fi ).
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