CleanTechnica•8 days ago
Cleantech Producers Call on EU to Boost Support for Green Shipping Fuels in Europe
Key Takeaway
European cleantech producers are pressing the EU for substantial policy and financial support to secure a competitive edge in the rapidly emerging multi-billion euro green shipping fuel market.
AI Summary
- •Decarbonizing the shipping industry is projected to require €35-€47 billion in annual investments by 2035, signaling a massive new market for green fuels and associated energy infrastructure.
- •Cleantech producers are urging the EU to boost support for green shipping fuels to maintain Europe's early industrial advantage, indicating potential new policy incentives, subsidies, or mandates.
- •Failure to adequately support green fuel development could lead to the EU losing its competitive edge as international markets for these fuels mature, impacting future energy supply chains and costs for large consumers.
Topics
emissionsfinancingpolicy
Article Content
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 ... [continued] The post Cleantech Producers Call on EU to Boost Support for Green Shipping Fuels in Europe appeared first on CleanTechnica .