Cleantech Producers Call on EU to Boost Support for Green Shipping Fuels in Europe
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The EU’s early industrial advantage could disappear while international markets mature, warn European cleantech producers.
According to the recently published Sustainable Transport Investment Plan (STIP), decarbonising the shipping industry is estimated to require between €35 and €47 billion in annual investments by 2035.
While the majority will come from the private sector, public funding is essential to de-risk first-of-a-kind projects and steer the market toward fuels that align with Europe’s priorities. The STIP is a positive step to support the e-fuels industry, but it relies on tools such as the European Hydrogen Bank auctions or the Innovation Fund, which have proven insufficient.
The European Commission must now follow through with concrete actions to boost domestic e-fuels production, enhance energy security and industrial resilience, and maintain Europe’s leadership in clean technologies.
Download the full letter.
Article from T&E.
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