The European Commission adopted today a Sustainable Finance package with the aim of improving the flow of investments towards sustainable activities and hence using financial instruments to make Europe climate neutral by 2050, says an article published in their website.
ECSA Secretary-General on shipping recognised as transitional sector
ECSA welcomes that the shipping industry has been recognised as a transitional sector. “The European shipping industry is committed to achieving its decarbonisation and environmental objectives.. At the same time, being a capital intensive industry where many vessels are one of a kind, it is also key to ensure access to innovative and sustainable solutions, which can drive the entire maritime industry towards a greener and more sustainable future. Hence transition financing is vital.”
ECSA welcomes European Commision
ECSA welcomes the clarification from the European Commission that the EU Taxonomy Climate Delegated Act is a living document, which will be subject to regular necessary updates.
ECSA welcomes the Commission’s commitment to ensure that the taxonomy remains science-based and technology neutral. Along this principle, European shipowners find it important that the technical screening criteria remains consistent along the entire supply chain, which needs further improvement.
Martin Dorsman emphasized that, “It would be highly counterproductive and unfair to penalise financing for the shipping industry based on cargo carried. In addition to driving away financing for innovative solutions, it bears the risk to accelerate an inefficient modal shift. With all this in mind, we are dedicated to provide expertise and will continue to work with the regulators on the technical details to ensure a smoother transition.”
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Source: ECSA
