Cleantech Producers Call on EU to Boost Support for Green Shipping Fuels in Europe - CleanTechnica

European cleantech producers are urging the EU to increase support for green shipping fuels to maintain its early industrial advantage as global markets evolve. The recently released Sustainable Transport Investment Plan (STIP) estimates that decarbonizing the shipping sector will require €35 to €47 billion in annual investments by 2035. While private sector funding will cover most costs, public investment is crucial to reduce risks for pioneering projects and guide the market toward fuels that align with Europe’s strategic priorities. Although the STIP marks progress in supporting the e-fuels industry, it depends heavily on mechanisms like the European Hydrogen Bank auctions and the Innovation Fund, which have so far fallen short in delivering sufficient support. The European Commission is called upon to implement concrete measures to boost domestic e-fuels production, thereby enhancing energy security, industrial resilience, and Europe’s leadership in clean technology innovation. Without stronger public backing, Europe risks losing its competitive edge in the emerging green shipping fuel market.