The Port of Amsterdam announced the creation of a Transition Fund to help companies reduce carbon emissions and shift away from fossil fuels. Running from 2025 to 2028, the initiative is designed to provide targeted financial support for businesses facing the challenge of transitioning to climate neutrality.
Structure and Eligibility of the Fund
The Transition Fund will provide up to €5 million annually through a mix of loans and grants:
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Loans of up to €1.5 million per company.
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Grants of up to €300,000 per company.
Eligible companies must be existing port clients with at least ten years left on their contracts. They must also meet one of the following conditions:
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Emit at least 2.5 kilotons of CO₂ annually (scope 1 and 2 emissions).
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Operate at least ten hectares of land to be converted from fossil to non-fossil storage and transhipment.
Applications will be assessed on a first-come, first-served basis and evaluated for impact, quality, and feasibility.
Expected Impact and Strategic Alignment
Projects funded under the scheme must align with the Port of Amsterdam’s 2025–2028 strategy. To qualify, initiatives must achieve:
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At least a 6% reduction in CO₂-equivalent emissions, or
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An increase of at least 6% and/or 300 kilotons in non-fossil transhipment capacity.
All projects must be feasible within five years of approval. To ensure clarity and alignment, eligible companies can request an engagement meeting with the port to review criteria and identify suitable sustainability initiatives.
The Transition Fund underscores the Port of Amsterdam’s role as both a landlord port and a sustainability facilitator. By supporting companies in reducing emissions and converting fossil-based operations to greener alternatives, the fund aims to accelerate the port’s journey toward climate neutrality and reinforce its position as a leading hub for sustainable logistics and industry.
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Source: Port News
