CMA CGM said it expects a sharp increase in its Energy Transition Surcharge when the European Union's emissions trading scheme expands to cover all carrier emissions in 2026, warning shippers of higher costs tied to the full rollout.

Beginning in 2026, the EU Emissions Trading System (ETS) regulation will evolve to account for 100% of carrier's CO₂ emissions on voyages to and from EU ports, up from 70% in 2025, and will include other greenhouse gases emissions.

CMA CGM said this substantial increase in the EU ETS coverage will have a "direct impact" on its cost structure.  

"As a result of this regulatory change, we anticipate an increase of approximately 43% in our current ETS surcharge amounts," the French shipping and logistics company said.

"Please note that this estimate does not consider potential fluctuations in CO2 prices, which could further influence the final surcharge amounts," it added.

CMA CGM said Q1 2026 amounts for the full trade coverage impacted by EU ETS will be available by December 1st, 2025.

The EU ETS is a cornerstone of the EU's policy to combat climate change and reduce greenhouse gas emissions cost-effectively. The changes in the regulation reflect the EU's commitment to achieving its climate goals and ensuring a sustainable future.

The EU ETS requires ocean carriers to monitor and report their CO2 emissions from voyages to and from EU ports.

Since 2024, a portion of these emissions are subject to the cap and trade system, meaning carriers need to buy or receive allowances to cover their emissions. This regulation aims to incentivize the reduction of greenhouse gas emissions in the maritime sector, encouraging investment in more efficient and environmentally friendly technologies and practices.