Newly elected members of the European Parliament must include mandates on fuel suppliers in future revisions of FuelEU Maritime and RED III, a European Community of Shipowners Association (ECSA) report says.
Election to be held
The EU will hold elections to elect members of the European Parliament (MEPs) between 6-9 June. Ahead of the elections, the European Community of Shipowners Association (ECSA) has released a report setting forth its key recommendations for the next five years to help elected members lay the foundation for net-zero shipping by 2050.
The report urges upcoming EU MEPs to introduce a regulation mandating fuel suppliers to produce low- and zero-carbon fuels in the FuelEU Maritime as well as the EU’s new Renewable Energy Directive (RED III).
A financial boost for shipping’s green transition
The report’s authors recommended that the dedicated allocation for shipping under the EU’s Innovation Fund should be urgently used to expedite the production of low- and zero-emission fuels and technologies to decarbonise shipping. The funds can also be used to “bridge the price gap between conventional and low-and zero carbon shipping fuels and be prolonged after 2030,” it added.
Finally, the report suggested that new MEPs align FuelEU Maritime with IMO’s upcoming mid-term measures to “ensure a level playing field” for the European shipping industry.
Did you subscribe to our daily newsletter?
It’s Free! Click here to Subscribe
Source : Engine. Online
