Maritime industry unites to demand earmarking of ETS revenue

European shipowners, ports, the cruise industry, shipyards and equipment manufacturers, fuel suppliers, shippers, freight forwarders and port operators join forces and call on Member States and the European Parliament to allocate the revenues generated through the inclusion of the maritime sector in the EU ETS for the maritime sector.

Earmarked revenue should aim to reduce the price gap with clean fuels, fund R&D and innovation as well as the scaling up and deployment of clean energy and technologies on board and ashore. Investments in port infrastructure, grid connection, energy storage and the deployment of renewable energies should also be supported. Finally, supporting the training, upskilling and retraining of maritime workers is key to achieving EU climate goals.

“The maritime industry speaks with one voice today and calls on Member States and the Council to earmark ETS revenues and support the energy transition of the maritime sector. 80% of current ETS revenues are already used for the energy transition of ETS sectors. Council and Parliament have already earmarked revenue for aviation in the current review of the EU ETS. The maritime industry must be put on a level playing field, taking into account that our sector is one of the most difficult to decarbonise,” says Sotiris Raptis, Secretary General of ECSA.

“Greening the maritime sector involves huge investments both on board ships and in ports, while the return on investment is low and uncertain for port managers. The creation of a dedicated fund that supports the deployment of infrastructure for low and zero carbon fuels on board ship and ashore is therefore crucial to achieve the objectives for which the EU ETS is designed,” says Isabelle Ryckbost, Secretary General of ESPO.

“The cruise industry is investing heavily in new technologies to reduce its carbon footprint. A dedicated fund from ETS revenue will accelerate industry efforts to deploy sustainable marine fuels and support the introduction of necessary port infrastructure. This is an important example of how the public and private sectors can help each other achieve a zero-carbon future and we call on European institutions to lend their support to the creation of the fund,” said Marie-Caroline Laurent, Managing Director, Europe, CLIA .

“The European maritime technology industry develops the most advanced ships and technologies on the market. The allocation of EU ETS revenues will be of crucial importance, accelerating innovation and scaling up the application of more sustainable fuels and technologies, also reinforcing Europe’s leading role. The European maritime technology industry is ready to play its part,” says Christophe Tytgat, Secretary General of SEA Europe.

“CLECAT supports market-based measures such as the ETS that would help reduce the price gap between cleaner and conventional fuels, while respecting the ‘polluter pays’ principle. A fair share of the revenue generated by the auctioning of maritime ETS allowances should be reserved and reinvested in the sector through investments in cleaner technologies and R&D projects in order to accelerate the market adoption of greener solutions. and more sustainable in shipping,” adds Nicolette van der Jagt. , Managing Director of CLECAT.

“Renewable and low-carbon liquid fuels are key to decarbonizing shipping. However, it is common knowledge that the cost of these is higher than that of fossil fuels. Earmarking ETS revenues to a specific maritime fund would go a long way to both bringing higher volumes of renewable fuels to market and accelerating the commercialization of technologies under development,” says Angel Alvarez Alberdi, Secretary General of EWABA.

“The Advanced Biofuels Coalition welcomes the ever-increasing use of advanced biofuels in the marine sector. However, further action is needed to increase the availability of low- or zero-carbon fuels, such as advanced biofuels. Targeting EU ETS funds for innovation in the maritime sector would send a strong signal to the investment community,” adds Marko Janhunen, President of the Advanced Biofuels Coalition LSB and Director of Public Affairs at UPM.

“Maritime transport is the backbone of the European economy and invaluable for the Union’s internal and external trade. To enable sustainable trade, it is therefore all the more important to support the transition of this sector from fossil fuels to climate-neutral options such as eFuels through emissions trading revenues. Such financial support via the EU ETS also enables a more ambitious FuelEU Maritime with sub-quotas for eFuels and provides investment security for eFuel suppliers,” says Ralf Diemer, Managing Director of the eFuel Alliance.

“The fund should support the decarbonisation of the sector, while maintaining its competitiveness vis-à-vis third countries that have implemented less ambitious climate policies. Investments in green port equipment and refueling and recharging infrastructure could, for example, help port players cope with competitive pressure from neighboring non-EU countries, which do not apply fuel quota trading. emissions to the maritime sector, while supporting the decarbonisation of the maritime sector. and transport in the broad sense,” says Lamia Kerdjoudj, General Secretary of FEPORT.

“Reducing the carbon footprint of ships and creating the preconditions to make shipping more sustainable are important for shippers. Earmarking ETS revenues to help the shipping industry decarbonize will allow international trade to continue,” concludes Godfried Smit, ESC General Secretary.
Source: ECSA