European Union supports 19 green maritime projects
With new funding commitments, the European Union is promoting the move of Member States for greener transport fuels.
A total of nineteen environmentally sustainable projects will be allocated about €142 million, the European Commission said in a statement.
As reported, some projects include the conversion of vessels so thay can operate on liquefied natural gas ( LNG), as well as the construction of the corresponding infrastructure in ports.
The funding is part of the strategy to improve economic growth for the EU. The EU announced on 16 July that it would inject approximately € 2.2 billion into 140 primary transport projects. Such ventures are expected to help develop the continent's missing transport links, encourage sustainable transport and create employment.
The EU will deliver on its climate goals set out in the European Green Deal with this bill.
In the maritime sector, short-sea shipping projects based on alternative fuels and the installation of on-shore power supply for ports to reduce emissions from docked ships are given priority.
Maritime Business World