The European Investment Bank (EIB) and ING today signed an agreement to support green investments for the European shipping market for a total value of EUR 300m. ING and EIB will each contribute EUR 150m to the facility. This agreement will ensure that sponsors of green and sustainable projects in the maritime transport sector can benefit from advantageous financial terms.
Today, the Commission adopted the report on the mid-term evaluation of the Connecting Europe Facility (CEF). The evaluation assessed the programme’s overall performance in light of its objectives, and what has been achieved to date. Regarding transport financing, the report recognises that CEF has brought a clear added value, in particular for the completion of the TEN-T core network by 2030 and for the low-emission mobility ambition.
Almost every Christmas gift you gave or received two months ago was transported vast distances across the ocean, spending weeks inside a shipping container. What powers these epic journeys across the globe? Unfortunately, it’s not reindeers. It’s the black, sludgy dregs of the refining process known as heavy fuel oil. Each tonne, when burned, releases several thousand times the amount of sulphur and tiny lung-damaging particles that petrol or diesel cars do, while also contributing to dangerous climate change.
The EBRD and the International Maritime Organization (IMO) agreed today in London to deepen their cooperation and establish a strategic partnership to promote sustainable maritime transport.
Highlights of the session included the second in a series of debates with EU leaders on the future of Europe, with Croatian Prime Minister, Andrej Plenković; and the debate and vote on the composition of the European Parliament after Brexit. The European Commission also made statements on fair taxation packages and the manipulation of scientific research by multinationals in the wake of revelations on emission tests on monkeys and humans by the German car industry. Parliament decided to set up a special committee on the Union’s authorisation procedure for pesticides (PEST). Parliament adopted agreed first-reading positions on, inter alia, a regulation on ending unjustified geo-blocking and two regulations on EU external action funds – among the priorities for 2018 in the Joint Declaration agreed by the Council, Commission and Parliament.
The majority of chemicals on a combined list of more than 2700 potential marine contaminants are what’s known as ’emerging pollutants’: substances that have the potential to enter the environment and cause adverse ecological and human health effects, but are still largely unregulated and whose fate and potential effects are poorly understood.
Update: The draft minutes are available.
The agenda items concern energy, climate & environment, digital, transport, and general policy.
Vote results and texts adopted will be added when available.
Some 35 world leaders have called for shipping emissions to be part of every country’s emissions reductions commitments under the Paris climate agreement. Sustainable transport group Transport & Environment (T&E) welcomed the leaders’ recognition of the need for economy-wide action, as mandated by the 2015 accord, with shipping being a key sector – responsible for around 3% of global CO2 emissions.
The European Investment Bank (EIB), Societe Generale and Brittany Ferries are pleased to announce the success of the first green maritime financing under EIB’s EUR 750m Green Shipping Guarantee (GSG) programme put in place last year by the EIB and Societe Generale. The new vessel ‘Honfleur’ will be Brittany Ferries’ first Liquefied Natural Gas (LNG) powered ferry. It is scheduled to enter into service in April 2019 on its Caen-Ouistreham (France) and Portsmouth (UK) route.
The agenda includes items related to energy & climate, environment, digital, trade and transport policy.
Update: Amendments to the report tabled for Plenary have been published.
Europe’s transport sector is making only mixed progress in meeting its environment, health and climate policy targets, according to a European Environment Agency (EEA) assessment published today, which tracks the short and long-term environmental performance of this key economic sector across the European Union.
INEA Director Dirk Beckers and the Secretary-General of the Flemish Department of Environment and Spatial Development Peter Cabus launched today the €37 million BENEFIC project that will develop alternative fuel infrastructure in Belgium and the Netherlands. The project will receive nearly €7.6 million from the EU’s Connecting Europe Facility programme (CEF) to deploy a network of charging stations for electric cars, natural gas and Hydrogen refuelling stations, as well as onshore power supply points for inland navigation in Flanders, Brussels Capital region and the Netherlands. The infrastructure is expected to be in place by 2020.
Several decisions of the EEA Joint Committee amending Annexes to the EEA Agreement, concerning energy, climate & environment and transport policy.