Today, Hydrogen Europe and T&E sent a joint letter to Executive Vice-President Timmermans, Commissioner Valean, Commissioner Simson, and Commissioner Breton to express their support for the goals of the European Green Deal for shipping, notably the objectives to deploy sustainable alternative marine fuels/energy via a dedicated FuelEU Maritime initiative.
Maritime transport is an important part of the EU economy and its decarbonisation will directly impact the Union’s ability to achieve carbon-neutrality by 2050. In order to deliver a sustainable, scalable and cost-effective green transition for maritime transport, the signatories call on the European Commission to stimulate within the framework of the FuelEU Maritime initiative the deployment of green hydrogen and ammonia for shipping.
Developing and deploying sustainable green fuels for shipping present enormous economic and employment opportunities. The production of green hydrogen and ammonia for shipping will require about €1.4 trillion in capital investments globally. This is an opportunity for new jobs and sustainable economic growth.
These are the sort of investments required to lift Europe out of COVID’s economic shatters. Well-crafted EU shipping legislation will contribute to overcoming the current economic challenges facing Europe.
For more information, please check the joint letter here.