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Europe takes tentative first STIP on the long road to clean fuel supplies

  • EU to mobilise €3bn over next two years to catalyse green fuel investment
  • Forecasts suggest shipping alone will need up to €50bn of investment by 2035
  • Plan confirms direction for governments to use ETS revenue, but offers little concrete action

The EU’s Sustainable Transport Investment Plan promises to build momentum for clean fuel uptake, but suggestions and loosely worded commitments have failed to convince sceptical owners that supplies are coming quickly enough

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