In Belgium, the European Commission unveiled the Sustainable Transport Investment Plan (STIP), which sets out a common approach to boost investment in renewable and low-carbon fuels focusing on aviation and waterborne transport.
“The STIP sends a clear signal to investors that Europe’s targets remain in place and that the Commission will support the transition to a climate neutral economy. By accelerating domestic production of biological and non-biological fuels, Europe can reduce its dependence on imported fossil fuels, enhance the competitiveness of its industries and lead the clean-energy transition globally,” the commission said.
The Commission with the Member States is preparing to launch an eSAF Early Movers Coalition pilot project by the end of 2025, aiming to mobilize at least $577 million for synthetic aviation fuel projects. The Commission will also work to strengthen the enabling conditions for market investments to bridge the investment gap.
In the medium term, the Commission said it will work towards establishing a mechanism to connect fuel producers and buyers, providing revenue certainty and reducing investment risk.
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