EMEA News
European Parliament Sets 40% Production Target for Green Bunker Fuels
The European Parliament has set a new target for the production of low-carbon bunker fuels in the European Union.
The parliament has passed a law requiring the European Commission and EU member states to provide production capacity for at least 40% of the green fuels required by European shipping.
Industry body the European Community Shipowners' Associations welcomed the move, saying the law will be a vital step in guaranteeing sufficient alternative fuels are available to meet the needs of the FuelEU Maritime regulation.
"European shipowners have consistently requested for a mandate on the European fuel suppliers to scale up and make clean, affordable and safe fuels available in the market," Sotiris Raptis, secretary general of the ECSA, said in a statement on the organisation's website on Thursday.
"Matching European fuel industrial capacity with the EU targets under the FuelEU Maritime is essential.
"We welcome the 40% benchmark for the production of clean fuels such as advanced biofuels and e-fuels as a stepping stone towards an international scale-up of alternative sustainable fuels for shipping.
"We will work closely with the Commission to ensure that the 40% benchmark is translated into immediate action."
