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PUBLISHED: 
2 Feb 2024

EU INNOVATION FUND IS KEY TO SUPPORT THE TRANSITION TO ZERO-EMISSION WATERBORNE TRANSPORT

Brussels, 01 February 2024: CLIA Europe, ECSA, ESPO, FEPORT, SEA Europe and WaterborneTP jointly organised the EU Innovation Fund infoday 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 infoday, 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.
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02 February 2024

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.

In the waterborne transport domain, support can be provided to various clean technologies that contribute to the decarbonisation of the sector. These include energy efficiency, sustainable fuels and energy sources as well as infrastructure. Various examples of new projects were presented by different stakeholders during the infoday.

Whilst the sector is acknowledging the importance of the EU Innovation Fund, there is still a need to further finetune the Fund for future calls and the upcoming dedicated maritime calls, to ensure the specificities of the sector are properly addressed. The event provided a unique opportunity to discuss also these items as well, ranging from calculation methods and assessment of the award criteria that must be targeted to the specificities of the sector to the need to ensure access to the funding instruments for small and medium-sized enterprises and the importance of a comprehensive network approach in deploying the innovative solutions.

Marie-Caroline Laurent, Director General Europe, CLIA said: “The cruise industry is at the heart of the European maritime industrial cluster with 98% of cruise vessels built in Europe. The opportunity to access the EU Innovation Fund will support our industry’s drive to innovate. To achieve the maritime industry objective of zero GHG emissions by 2050, reinvestment of EU ETS revenues into maritime innovation, research & development and adequate renewable energy infrastructures at ports will essential at European and national level.”

Sotiris Raptis, Secretary General, ECSA, added: “Decarbonising shipping is not a question of ‘if’ but a question of ‘how’. Setting aside almost 2 billion EUR of the ETS revenues for maritime is a victory for the decarbonisation of the sector. Clean fuels can be up to five times more expensive compared to fuels currently used. Dedicated support through the Innovation Fund is key to bridging the price gap with clean fuels, as well as improving the energy efficiency of ships, fostering innovation and building the infrastructure in ports.”

Isabelle Ryckbost, Secretary General, ESPO, continued: “The EU Innovation Fund is instrumental in paving the way to progress as fast as possible on the sector’s greening path. This requires important and more high-risk investments in ports, to ensure the supply and infrastructure needed for the new energies and technologies. As such, the Fund should make sure to support projects that are proven highly effective in terms of emission reduction and overall climate impact, and must be improved and scaled up even further through further innovation.”

 

Lamia Kerdjoudj, Secretary General, Feport, added: “This workshop is a very important exercise that allows us to identify the main needs to be considered in the framework of the forthcoming calls. It has also shown the importance to dedicate part of the revenues of the Innovation Fund for the maritime sector and port sector[1]. FEPORT also underlines the need to focus on GHG emission avoidance, cost efficiency and replicability as important award criteria to ensure that the Innovation Fund can leverage adequate support for energy efficiency in ports and the electrification of the maritime sector.”

 

Christophe Tytgat, Secretary General, SEA Europe, added: “Today's highly attended infoday highlighted the remarkable interest of the maritime sector towards the current and forthcoming calls under the Innovation Fund. The growing recognition of maritime project specificities within the Innovation Fund framework marks a significant stride forward. However, SEA Europe is now looking to propel progress even further by contemplating the establishment of a dedicated maritime envelope or fund. Such an approach will foster competition exclusively among maritime project proposals and so, aims to amplify opportunities and streamline advancements within the maritime industry.”

 

Jaap Gebraad, Secretary General, Waterborne Technology Platform, concluded: “The EU Innovation Fund is a key instrument to deploy innovations. The Fund has the potential to ensure the sector meets the climate targets that have been set. Taking into account the fact that the waterborne transport sector mainly consists of SMEs, further necessary amendments to the Fund would ensure a just transition of the waterborne transport sector.”