Clean tech producers call on EU to boost support for green shipping fuels in Europe
The EU's early industrial advantage could disappear while international markets mature, warn European clean tech producers
Download documents
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.
Related Articles
View All
Most EU ships are being scrapped in South Asia despite sufficient domestic recycling capacity, confirms new study
Only 5% of EU ships' tonnage was dismantled in Europe despite the capacity to recycle much more. Vast majority of end-of-life ships are sent for beach...
What the Electrification Action Plan means for transport
T&E's in-depth review of the EU Commission's Electrification Action Plan
EU risks losing ground to China in race to produce green shipping fuels
Europe’s 69 e-fuel projects could deliver zero-emission fuels to shipping by 2033, but only six are operational. Regulatory measures would help more a...