Regulatory Alerts2022-03-31
A circular dated March 31, 2022 regarding some amendments to the tourism initiative regarding grace periods and extending the work of the tranche, guaranteed by the Ministry of Finance.
According to recent news, the European Union plans to introduce a levy on non-green shipping from 2021 or earlier if possible, with a transition period lasting until at least July 2022. This means that: Option 1: A transition period of at least one year is planned for a green tax rate to begin. It could be introduced as soon as April 2021 and no later than August 2021, depending on the progress of the initiative. The deadline for the transition period will be extended if necessary. According to the second option, which appears likely: There would be a transition period lasting at least one year before the introduction of a green tax rate. It could start as early as April 2021 and no later than August 2021, depending on the progress of the initiative. The deadline for the transition period will also be extended if necessary. Both options state that: **By 2022**, ships must have at least one green technology installed (e.g., batteries, hybrid systems, etc.). In addition, there would be a deadline for installing green technologies on all ships by 2025. Additionally, it has been suggested that the tax rate could increase gradually over time, perhaps every two years or so, depending on the progress of the initiative and the availability of green technologies. This also implies that there is a possibility for the transformation of **maritime transport into green and clean energy use**. Projects include introducing natural gas and also taking into account the costs of converting different categories of ships to operate with natural gas, as part of an initiative by the central bank at a discounted rate of 8%. They also accepted a high level of ambition. "Patrick Gallus, Head of Unit for Climate Action in Transport, European Commission."