Lots of room for improvement within FuelEU Maritime
Maritime transport is an important factor in the transport system of the EU, accounting for around 75 per cent and 31 per cent of the external and internal trade, respectively, in terms of volume. New regulation in the form of the FuelEU Maritime initiative has been finalised during spring, and the European Parliament adopted in July its position on the regulation of renewable and low-carbon fuels in maritime transport. In an explainer to a recent report by Transport & Environment (T&E), the FuelEU maritime is described as “… arguably the most important shipping-related legislation in its Fit for 55 package.” However, T&E also notes that “…the ambition and scope of the regulation still leave huge room for improvement, and more needs to be done to put shipping on a Paris-compliant trajectory.” According to T&E, the transition away from fossil-based fuels is likely to be slow, with fossil fuels accounting for the majority of maritime fuels until 2045, and ships could continue the use of LNG until the 2050ies.
Transport & Environment, 2023. Modelling The Impact Of FuelEU Maritime On EU Shipping. https://www.transportenvironment.org/wp-content/uploads/2023/07/FuelEU-M...