Urgent Call for European Clean Maritime Fuels Supply Chain Development
Key Ideas
- The Clean Maritime Fuels Platform emphasizes the need for a European supply chain for clean shipping fuels to meet decarbonization targets and climate objectives.
- Challenges such as technological risks, high production costs, and mismatched business models are hindering investments in renewable and low-carbon fuels projects.
- Industry leaders urge the European Commission to include these fuels in the Clean Industrial Deal, de-risk investments, establish an industrial base, and enhance ports' role as energy hubs.
- The focus is on creating clear regulatory commitments and support mechanisms to position Europe as a global leader in decarbonizing the shipping industry.
The Clean Maritime Fuels Platform, representing European shipowners and fuel suppliers, has highlighted the urgency of developing a European supply chain for clean shipping fuels. This initiative aims to help shipping meet decarbonization targets and support Europe in achieving its climate objectives. However, challenges like technological risks, high production costs, and a lack of clear market incentives are impeding investments in renewable and low-carbon fuels projects. Industry leaders stress the importance of including these fuels in the Clean Industrial Deal, leveraging the Sustainable Transport Investment Plan, and establishing a European manufacturing capacity for clean shipping fuels. The role of ports as energy hubs is also emphasized. By overcoming these barriers through regulatory commitments and support mechanisms, Europe can lead globally in decarbonizing the maritime sector, positioning itself as an industrial leader in sustainable marine fuels.
Topics
Europe
Clean Energy
Decarbonisation
Renewable Fuels
Maritime Industry
Sustainable Investment
Industry Leadership
European Commission
EU Trade
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