The Industrial Maritime Strategy must support clean fuels for shipping with ETS revenues
Read the full joint statement here.
The energy transition of the shipping sector is vital to Europe’s climate goals and industrial leadership. European shipping is a strategic sector for Europe, carrying 76% of the EU’s external trade and ensuring security of supply of energy, food and goods.
The Clean Maritime Fuels Platform, in which Eurogas takes part, stresses that building a reliable supply chain for renewable and low-carbon fuels in Europe is a priority to make European industry more competitive, to provide shipping with the clean fuels needed for the energy transition and to strengthen Europe’s energy security.
However, the deployment of renewable and low-carbon fuels projects today faces significant uncertainties that hinder public and private investment and increase project risks.
To address these challenges, we urge the European Commission to:
- Include renewable and low-carbon fuels and innovative technologies for shipping, one of the most difficult-to-decarbonise sectors of the economy, in the scope of the upcoming European Industrial Maritime Strategy.
- De-risk investments using EU and national ETS revenues. National ETS revenues should be invested in scaling up clean maritime fuels and clean maritime technologies, while ensuring their accessibility across all shipping sectors. Earmarking national ETS revenues from shipping in the maritime sector should be introduced, as long as the shipping sector continues to pay for its emissions under the EU ETS.
- Facilitate the role of ports as energy hubs for the energy transition.
- Enhance coherence between EU ETS and FuelEU Maritime requirements, contributing to the Commission’s simplification objectives to reduce reporting burdens by 25% (35% for SMEs).
Read the full joint statement below.
