Europe Boosting Sustainable Fuels in Air & Sea Transport

The Sustainable Transport Investment Plan (STIP), unveiled by the European Commission, targets the decarbonisation of aviation and maritime transport by mobilising at least €2.9 billion by end-2027 through instruments like InvestEU (€2 billion for alternative fuels), €300 million via the European Hydrogen Bank for hydrogen-based Sustainable Aviation Fuels (SAF) and Sustainable Maritime Fuels (SMF), plus additional support via the Innovation Fund and Horizon Europe. The plan also seeks to de-risk investment by creating mechanisms connecting producers and buyers, and aims to strengthen Europe's energy security, industrial competitiveness and path to climate neutrality by 2050.  This plan might boost investment decisions on clean hydrogen projects.    

Find out more here or on the European Commission’s website.