FuelEU Whitepaper
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As the maritime industry turns its attention to what may be its greatest challenge yet, the European Union has set out a range of measures to combat the climate crisis and reduce Greenhouse Gas emissions within shipping. This paper takes a closer look at one of these measures: the proposed FuelEU regulation.
The European Union has set a target of becoming carbon neutral by the year 2050, with a medium term goal of reducing emissions by 55% by the year 2030, compared to the levels in 1990. A package of proposals, dubbed “Fit for 55” was set out to the European Parliament in July 2021. This includes various strategies to reduce emissions across a range of industries in order to achieve the goal of the 55% reduction.
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