European shipping and aviation sectors urge EU to channel ETS revenues into clean fuels
European Shipowners | ECSA and Airlines 4 Europe (A4E) have called on the European Commission to scale up both sectors’ decarbonisation by using the EU and national ETS revenues in investments to make sustainable fuels and technologies available for shipping and aviation.
As explained in the joint statement, shipping and aviation already contribute over €11 billion to the EU ETS revenues annually. As a priority, this money must be channelled into derisking investment in sustainable fuels that are today on average 4 times more expensive for shipping and 3-6 times more expensive for aviation than conventional fuels.
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