Momentum to decarbonise shipping urgently needs Parliament’s FuelEU Maritime position
Brussels, 4 July 2022 – WSC and member liner carriers are highly concerned about Parliament’s delay in finalizing its position on FuelEU Maritime. Liner carriers are committed to decarbonizing the industry as soon as possible and are already investing in alternative fuel technology. Fuel EU Maritime is crucial for EU policymakers to reach their climate goals, and for the progress of shipping decarbonization.
FuelEU Maritime provides the guidepost for adoption and use of renewable and low-carbon fuels in maritime transport. The EU’s shipping decarbonization goals cannot be achieved without FuelEU Maritime on the negotiating table with EU ETS, the Renewable Energy Directive (RED) and the Alternative Fuels Infrastructure Regulation (AFIR). WSC calls for the European Parliament to reach a position on FuelEU Maritime urgently, so as not to risk delaying maritime discussions in trilogue.
For shipping there are three essential thrusts in the EU Green Deal: i) to increased demand for fuels that reduce greenhouse gas emissions; ii) to produce and provide renewable energy for making these fuels; and iii) to provide market signals encourage the shift away from fossil and high-greenhouse gas fuels. Trilogue negotiations that consider these together will achieve better outcomes for Europe and for the decarbonization of shipping.
FuelEU Maritime must work together with effective market signals in EU ETS. Moreover, both FuelEU Maritime and EU ETS depend upon production and supply that must be delivered through the RED and AFIR. By aligning demand, supply, and market elements, policymakers and industry have the best chance of accelerating Europe’s efforts to decarbonise shipping.
WSC hopes that EU trilogue negotiations begin as soon as possible, including Parliament’s position on FuelEU Maritime.
##
Read more about how the EU can lead in the decarbonization of shipping: EU Green Deal — World Shipping Council
Read more about the critical pathways to zero carbon shipping: Pathways To Zero Carbon Shipping — World Shipping Council