The European Commission has unveiled its Sustainable Transport Investment Plan (STIP), aimed at accelerating the energy transition in aviation and maritime sectors. To meet the fuel targets of the ReFuelEU Aviation and FuelEU Maritime Regulations, approximately 20 million tonnes of sustainable alternative fuels will be required by 2035, necessitating an estimated €100 billion investment. The Commission emphasizes regulatory stability to attract investments and foster the production of EU-made sustainable fuels, aiming for climate neutrality by 2050.
The plan is expected to mobilize at least €2.9 billion by 2027, with proposals for €300 million to support hydrogen production for sustainable aviation and maritime fuels. Additionally, the Commission plans to allocate €153 million for synthetic aviation fuel projects and €293 million for maritime fuel initiatives. Stakeholders, including European Shipowners and Danish Shipping, have welcomed the STIP, stressing the need for clean fuels to enhance competitiveness and reduce energy dependencies.
However, concerns remain regarding the pace of fuel availability and the need for a clear strategy to bridge the price gap between conventional and green fuels. The World Shipping Council and SASHA Coalition have called for targeted financial measures and expanded support for zero-emission technologies to ensure the successful implementation of the STIP.
