EU Commits €2.9 Billion to Boost Green Fuels

The European Commission has launched a €2.9 billion initiative to enhance investments in green fuels by 2027, targeting aviation and maritime sectors, which account for 26.4% of the EU’s transport emissions. By 2035, 20 million tonnes of sustainable fuels will be needed, necessitating €100 billion in investments to achieve climate neutrality by 2050.

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Hydrogen and Ammonia Are Powering the New Wave of Shipping

The successful adoption of hydrogen and ammonia in maritime transport relies on regulatory clarity, advanced technology, vessel design adaptations, and skilled crews. Collaboration across the industry is crucial. Current regulations do not encompass these fuels, necessitating a risk-based approval process to ensure safety and facilitate integration into maritime operations.

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