Clean Maritime Fuels Platform has called on the policymakers to create the regulatory conditions to unlock investments in the production of clean maritime fuels in the EU.
The Clean Maritime Fuels Platform issued a statement regarding the Draghi report that estimates that €40 billion in annual investments will be needed between 2031 and 2050 for the energy transition of shipping.
Clean Maritime Fuels Platform supports the report’s conclusions regarding the need to:
- De-risk investments in renewable and low carbon fuels, for example via schemes based on Contracts for Difference and auctions as a service.
- Launch dedicated sectoral calls under the Innovation Fund for the first deployment of decarbonisation solutions. The 20 million EU ETS allowances allocated to the decarbonisation of the maritime sector until 2030 should be used as soon as possible.
- Expand existing funding mechanisms for refuelling and recharging infrastructure.
- Start building a supply chain for renewable and low-carbon fuels in the EU.
- European manufacturing capacity should match demand for clean shipping fuels in Europe as much as possible, in line with the benchmark of the Net-Zero Industry Act.
It is crucial to create a fertile environment for companies to invest in the production of competitive clean shipping fuels in Europe.
…said Daniel Fraile, Chief Policy Officer, Hydrogen Europe.
To remind, in September European shipowners called for urgent action on clean fuel supply chain. European Shipowners, as part of the Clean Maritime Fuels Platform, put forward their recommendations to support the uptake of clean fuels in shipping following the release of the Draghi report.
