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Alternative fuels will ensure the competitiveness of shipping
At a joint event of the eFuel Alliance and the Maritime Platform, high-level attendees from politics and business discussed the potential for defossilising the shipping industry. In order to reconcile sustainability and competitiveness in shipping, the extensive use of alternative fuels and effective financial support mechanisms will be essential. Shipping is of crucial importance to the global economy. Yet it is under immense competitive pressure – while also facing strongly growing demands to become more sustainable at the same time. These circumstances have prompted the European Commission to initiate a legislative process aimed at a long-term reduction of the emissions generated by shipping known as the FuelEU Maritime Regulation,…