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The European Union’s (EU) upcoming industrial plan is facing calls to include green fuel options to support a low-carbon economy. The European Shore to Store (ETS) Shipping and Fuels group, which represents major players in the shipping and fuels sector, has urged the EU to prioritize the development and adoption of green fuels in the bloc’s industrial plan. The group believes that this will be crucial for the sector’s transition to a more sustainable and environmentally friendly path.
The ETS Shipping and Fuels group notes that the shipping sector is one of the most polluting in the world, with global greenhouse gas emissions from international shipping estimated to be around 870 million tons per year. To combat this, the group is lobbying for the EU to accelerate the development and deployment of green fuels, such as hydrogen, ammonia, and methanol, as well as to invest in the necessary infrastructure to support their use.
The group is also calling for the EU to establish a clear framework for the certification and labeling of low-carbon fuels, as well as to develop a supply chain for these fuels. Additionally, ETS Shipping and Fuels is urging the EU to provide incentives and subsidies for the development and use of these fuels, as well as to create a level playing field for the sector by introducing consistent standards for fuel testing, certification, and labeling.
The group’s recommendations are in line with the EU’s goal of becoming carbon neutral by 2050. The European Commission has already announced plans to include shipping in its carbon pricing scheme and to increase the carbon intensity of the sector’s growth. However, the ETS Shipping and Fuels group believes that more needs to be done to support the sector’s transition to a low-carbon economy.
The group’s demands are being made as the EU is in the process of developing its industrial plan, which aims to promote a low-carbon economy and to create new opportunities for economic growth and competitiveness. The plan is expected to be published later this year, and the ETS Shipping and Fuels group hopes that its recommendations will be taken into account.