In Brussels, the European Commission on November 5 unveiled the Sustainable Transport Investment Plan, a financing blueprint to scale up advanced biofuels, e-fuels, and hydrogen for planes and ships ahead of looming climate targets. By 2035, EU vessels will need 11.3 million tonnes of sustainable fuel annually under FuelEU Maritime, while ReFuelEU Aviation requires carriers to cut emissions intensity 70% by mid-century.
STIP targets the capital shortfall with EU-wide auctions, carbon contracts for difference, and tripartite offtake deals, backed by InvestEU, the Innovation Fund, and the European Hydrogen Bank. Maritime and aviation are flagged as especially investment-hungry, with the plan warning that without early support, Europe could end up importing the fuels needed to meet its own mandates.
The plan calls for faster permitting, aligned funding across member states, and cross-border green corridors to accelerate supply chain development. The Commission’s goal: build a functioning market before demand overtakes EU production.
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Category: Sustainable Marine Fuels
