Cyprus Shipping Chamber welcomes 40% production benchmark for clean shipping fuels
14:58 - 26 April 2024
The Cyprus Shipping Chamber has strongly welcomed the adoption of the Net-Zero Industry Act by the European Parliament.
An announcement from the Chamber notes that the Act includes clean fuels for shipping, including advanced bio-fuels and e-fuels, in the list of net-zero technologies and introduces a benchmark for the Commission and the EU Member States to match 40% of the deployment needs for clean fuels for shipping with production capacity.
"This is a vital step to ensure that clean fuels for shipping are made available in the market at an affordable price, as a prerequisite for shipping to meet its target under the Fuel EU Maritime Regulation," the Chamber's announcement says, adding, "The scaling up of production and uptake of clean fuels for shipping is a top priority for the shipping industry on the path to net zero GHG emissions by 2050."
News Feed
4 hours, 32 minutes ago Financial Services
Meeting between CySEC and Latvian Central Bank4 hours, 56 minutes ago Current Affairs
House Plenary to mark 20 years since EU accession with extraordinary session on 10 May6 hours, 38 minutes ago Real Estate
The GrandResort Limassol has officially opened (pics)6 hours, 50 minutes ago Financial Services
Capital.com’s client trading volumes surpass $1 trillion in 20237 hours, 34 minutes ago Real Estate
The Landmark Nicosia, Autograph Collection introduces salt room8 hours, 37 minutes ago Companies
How to Promote a Product on Social Media10 hours, 18 minutes ago Financial Services
CySEC welcomes MONEYVAL's positive AML/CFT report on Cyprus