Question 13764 — water transport

Summary

Mr. Luc Geismar questions the Minister of the Economy, Finance and Industrial and Digital Sovereignty on the financial distribution of the future resource from the European Union (EU) Emissions Trading System in 2024. Indeed, in application of Directive No. 2023/959 amending Directive 2033/87/EC, the EU Emissions Trading System (ETS) will be extended from January 1, 2024 to CO2 emissions from all large ships entering EU ports, regardless of their flag. This system aims to encourage energy efficiency, low carbon solutions and the reduction of the price difference between alternative fuels and traditional maritime fuels. To ensure a gradual transition, shipping companies must only return quotas for part of their emissions during an initial implementation period. Thus, from 2025, 40% of their emissions declared in 2024 will be affected. This additional resource is distributed by auction between Member States by a predefined distribution key, mainly based on historical ETS emissions. The receipt of the proceeds from the auctioning of carbon quotas in this system confers on the State significant budgetary space to finance the ecological transition. This is why from 2024, the ETS directive binds Member States to direct 100% of auction revenues towards climate spending. Although since 2013, finance laws provide that France's auction revenues are allocated to the National Housing Agency (ANAH) within the limit of a ceiling, the rest will be directly paid into the general state budget. For 2023, its total gross product is estimated at 2.4 billion euros, of which 700 million euros would be allocated to ANAH. This resource is inevitably set to increase significantly in the years to come, linked to the expansion of the carbon market to maritime transport. However, to date, while there is a massive need for investment in the decarbonization of infrastructure maritime, it was not announced how these new state revenues would be allocated. This is why, with this new additional resource to the State budget, he asks what investments are planned by the Government and if these will be targeted in favor of the ecological transition of maritime transport.

Machine translation from French. The official text remains authoritative.

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