The push to decarbonise the European Union’s transport infrastructure, as set out in the Fit for 55 package, requires a substantial injection of investment from the public and private sectors. This is largely dependent on the policy and regulatory environment in the EU that brings certainty about the long-term value of investing in technologies and alternative fuels such as electric, hydrogen and biomethane.
Whether it’s more super chargers for you to plug your electric car into, storage facilities for sustainable aviation fuels at airports, or supply lines needed to power ships docking at sea and inland ports to reduce onboard emissions, you can be sure that decarbonising our transport system requires immense planning and cooperation.
That’s why GIIA recently brought together investors, advisers to the sector and the European Commission’s Directorate General for Mobility in Transport (DG MOVE). Over a number of weeks, GIIA members and DG MOVE discussed important issues related to alternative fuels & urban mobility, waterborne transport and sustainable aviation. Members had the opportunity to question DG MOVE on important considerations, such as progress of the Alternative Fuels Infrastructure Regulation which will inform EU targets on different fuel infrastructure and the taxonomies of waterborne and aviation infrastructure.
DG MOVE also presented updates on funding models and financial instruments designed to support investors to de-risk investments across the three areas, such as through use of the Alternative Fuels Infrastructure Facility (AFIF) and InvestEU. There was also discussion on the progress of ReFuelEU Aviation and ReFuelEU Maritime initiatives.
Following the sessions, GIIA CEO Lawrence Slade and EU Policy and Public Affairs lead Harvey Chandler met with DG MOVE’s Director for Investment, Innovative & Sustainable Transport in Brussels to discuss what additional progress can be made at the EU level to spur further investment from the private sector. Both sides agreed on the need to maintain a dialogue to ensure our members were kept informed of developments and the Commission were informed of investor sentiment towards initiatives designed to accelerate investments. We look forward to further engagement on these issues in the future.
GIIA will also be publishing a decarbonisating transport position paper in Q4 2022 to help inform policymakers of the needs of private infrastructure investors to help them play their part in meeting the ambitious targets in the Fit for 55 package and helping to truly decarbonise the European Union’s transport infrastructure.
If you’re interested in learning more about GIIA or are a member interested in joining future meetings with the European Commission, please contact Harvey at firstname.lastname@example.org