Sustainable Transport Investment Plan

Background

The European Commission has announced the STIP, the Sustainable Transport Investment Plan, a muilti billion-euros investment plan to accelerate the deployment of green hydrogen-based aviation and maritime fuels. These investments are geared towards aviation and waterborne transport which are urgently needed to reach the targets set in FuelEU Maritime and ReFuelEU Aviation.

Key actions to boost investments

The EU measures under this plan are expected to mobilise at least €2.9 billion until the end of 2027. The key actions to boost investments are the following: 

• To rapidly remove key investment barriers and bridge the financial gap in the short-term, InvestEU will mobilise at least €2 billion for sustainable alternative fuels until 2027.
• The Commission will propose €300 million by end of this year to support the production of hydrogen for sustainable aviation (SAF) and maritime (SMF) fuels through the European Hydrogen Bank.
• The Commission will support R&I projects with around €133 million under Horizon Europe.
• The Commission will mobilise €153 million for synthetic aviation fuel projects and €293 million for maritime fuel projects under the Innovation Fund.

Moreover, the Commission has anounced an “e-SAF early movers coalition” for which at least €500 M is to be mobilised. This concerns a pilot with double sided auctions for synthetic aviation fuels, providing producers with revenue certainty.

Download

Read the full communication on the Sustainable Transport Investment Plan from the European Commission by clicking here or on the right hand side.

Find the factsheet by clicking here.