European Call for Investment in Clean Shipping & Aviation Fuels
Key Ideas
- European Shipowners, Airlines, and T&E jointly call for increased production of clean shipping and aviation fuels in Europe to meet Green Deal targets and remain competitive.
- An annual investment of 100 billion EUR is deemed necessary for European shipping and aviation alone for energy transition according to the Draghi report.
- The organizations emphasize the need for the Clean Industrial Deal to prioritize scalable renewable fuels and propose ramping up production in the EU to meet fuel demands.
- Support is also shown for using ETS revenues and developing infrastructure mandates to facilitate access to clean shipping and aviation fuels and foster renewable fuel hubs in ports and airports.
European Shipowners (ECSA), Airlines for Europe (A4E), and Transport & Environment (T&E) issued a joint statement urging the European Commission and member states to increase the production of clean shipping and aviation fuels in Europe. They highlight the importance of these industries remaining competitive while meeting the targets of the European Green Deal, which necessitates significant investments. The Draghi report estimates an annual investment of 100 billion EUR for European shipping and aviation alone for the energy transition.
The statement calls for immediate action and recommends the Clean Industrial Deal focus on scalable renewable fuels for shipping and aviation. It suggests ramping up production in the EU to meet at least 40% of the fuels required under FuelEU Maritime and ReFuelEU Aviation. Additionally, the organizations advocate for utilizing European and national ETS revenues to support projects and creating a matchmaking platform to ease access to clean fuels.
European Shipowners, A4E, and T&E also back infrastructure mandates to develop ports and airports as renewable fuel hubs. Leaders of the organizations stress the need for substantial investments, binding requirements, and simplified financing access to make clean fuels accessible for shipping to ensure competitiveness and innovation.
The sentiment in the article is positive, with statements from ECSA, T&E, and A4E emphasizing the urgency of affordable renewable fuels and innovative technologies to aid in decarbonizing the industries. The call for action to unlock significant public and private investments to make clean fuels a reality is underscored to ensure the industries' sustainability and competitiveness in the future.
Topics
Aviation
Investment
Energy Transition
Decarbonisation
Renewable Fuels
Transport Sector
European Union
Green Deal
Infrastructure Mandates
Latest News