Carbon tax in the EU will cause an increase in freight rates

In the near future, it is planned to launch the System for Trading Emissions of Greenhouse Gases in the EU countries.

The main goal of this innovation is to slow down the process of global warming on the planet.

According to a number of calculations, if all Western countries join the system, then by 2030 it will be possible to slow down the temperature increase on the planet by 2 degrees C.

At the same time, the EU has not yet decided how exactly the system will be put into operation.

The main disagreement concerns the question of whether to do it all at once or gradually, over 4 years.

But it is possible that some individual measures can start working as early as 2023.

Another problem is the actual tariffs.

For example, there is an idea to introduce a high rate for Western countries — about 75-90 dollars per ton of carbon dioxide, and for all other countries less — about 25 dollars.

The stumbling block is the fact that some countries may not want to join the system of new principles at all, because participation in it is not cheap.

It is possible that money will be taken from such countries by establishing additional trade duties on the basis of the «carbon footprint» principle.

Will the new tax cause tariffs to rise?

 

There are very few doubts about this.

For example, a large international freight carrier MSC is already calculating how much it will have to raise its prices.

Most likely, if Europe sets all restrictions at once to the maximum, then the cost of transporting one dry container will have to be increased by 70 euros, and refrigerated — by 200 euros.

At the same time, consignors and consignees will become the final tax payers, MSC notes.

Energy prices will also rise

 

Obviously, if everyone starts paying the new tax, the main blow will fall on energy producers.

For example, electricity producers may lose up to 60% of their income, ferrous metal — 10%, cement — 32%, fertilizers — 7%.

However, all this will spur such production either to increase prices by a comparable amount, or to close.

In the second case, the market will increase the deficit — and prices will rise even higher.

According to some experts, given the current energy crisis, there are some doubts that the EU will decide to launch its emissions trading system from 2023, especially in full.

After all, the rise in energy prices today is already becoming one of the main world problems.