The European Union (EU) has recently announced a series of initiatives designed to fast-track the decarbonisation of energy-intensive industries and the expansion of clean technologies. This move is part of the EU's broader strategy to combat climate change and transition towards a more sustainable energy future. One of the key focal points of these measures is the promotion of low carbon hydrogen, which plays a crucial role in reducing carbon emissions across various sectors. Additionally, European shipowners and fuels suppliers are collaborating to meet climate targets, while airlines, renewable fuel producers, logistics firms, financiers, and NGOs are joining forces to establish investment policies that align with sustainability goals. Furthermore, the EU Commission has given the green light to a substantial €3 billion aid scheme aimed at bolstering the production of renewable fuels of non-biological origin. This approval underscores the EU's commitment to supporting the growth of eco-friendly energy sources and advancing the development of a greener economy in the region.