Brussels, 1 February 2024
Today, CLIA Europe, ECSA, ESPO, FEPORT, SEA Europe and WaterborneTP jointly organised the EU Innovation Fund info day for the waterborne transport sector, co-organised by the European Commission. Approximately 300 participants from the broader waterborne transport sector (private and public stakeholders) attended the info day, showcasing the commitment of the sector to engage and set sail for deploying solutions for societal challenges, while highlighting the need for financial support for the uptake of clean fuels and for the deployment of innovations to progress as fast as possible on the net-zero pathway.
The Innovation Fund uses revenues generated by the EU Emissions Trading System to invest in Europe’s green transition. 20 Million EU Emission Trading System (ETS) allowances have been earmarked under the new EU ETS Directive for the maritime sector. These allowances correspond to 1.5 to 2 billion EUR under the current carbon price. Although waterborne transport projects were already eligible, the most recent call for proposals in the framework of the EU Innovation Fund includes specificities of the sector,
taking into account the fact that maritime transport contributes to the EU ETS from 1 January 2024 onwards. The Innovation Fund focuses on highly innovative technologies and flagship projects within Europe that can achieve significant emission reductions. The aim is sharing the risk with project promoters and putting the spotlight on highly innovative projects with clear European added value …
Please find the full press release here below.
