Europe's Clean Industrial Deal: A Lifeline for Green Shipping
Key Ideas
  • The World Shipping Council (WSC) highlights the importance of Europe investing in the Clean Industrial Deal to bridge the fuel price gap and build necessary infrastructure for the transition to green marine fuels.
  • Key aspects of the deal include accelerating renewable energy deployment, promoting renewable and low-carbon hydrogen, and increasing EU-level funding for the clean transition to decarbonize shipping.
  • The WSC emphasizes the need for increased investment in green fuel production and port infrastructure to support the growing number of green-fuel-capable ships entering the market.
  • By 2030, 77% of new containerships and vehicle carriers will run on green fuels, signaling industry commitment, but urgent action is required to ensure the availability of green fuels at competitive prices for a successful transition.
The World Shipping Council (WSC) has raised concerns about the European Union's position in the global shipping industry and the transition to green marine fuels. The EU's Clean Industrial Deal presents a crucial opportunity for Europe to invest in renewable energy, green hydrogen, and clean transport infrastructure. The WSC stresses that the supply of green fuels is currently limited and more expensive than fossil fuels, creating a gap that needs to be bridged for the industry to decarbonize effectively. The Clean Industrial Deal aims to accelerate renewable energy deployment, promote renewable and low-carbon hydrogen, and increase funding for the clean transition in shipping. The WSC emphasizes the necessity for significant investments in green fuel production and port infrastructure to support the increasing number of green-fuel-capable ships. By 2030, a large percentage of new ships will be designed to run on green fuels, but ensuring the availability of these fuels at competitive prices is essential for a successful transition. The EU's economic power and global influence heavily rely on shipping, with liner shipping playing a vital role in EU trade. The industry is eagerly awaiting further details on the Sustainable Transport Investment Plan and EU Ports Strategy to support the clean transition. The WSC urges immediate action to prepare Europe for the shift towards green marine fuels, emphasizing that the time to act is now to avoid being left behind in the global shipping landscape.
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