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WTP WELCOMES EU INVESTMENT IN LOW-EMISSION SHIPPING

WTP WELCOMES EU INVESTMENT IN LOW-EMISSION SHIPPING

Monday, November 1, 2021 

The European Industry-focused organisation Waterborne Technology Platform (WTP) has welcomed the applicability of the EU Innovation fund to deploy highly innovative technologies that can bring significant emission reductions in the waterborne transport sector.

The European Commission has launched a second call for large-scale projects under the Innovation Fund, known as the 'Green Deal'. This fund is believed to be one of the world's largest programmes for the demonstration of innovative low-carbon technologies, financed by revenues from the auction of emission allowances from the EU's Emissions Trading System. With a budget of € 1.5 billion for the second call, it will finance breakthrough technologies for renewable energy, energy-intensive industries, energy storage, and carbon capture, use and storage.

A WTP workshop, organised in cooperation with Directorate Generals for Research and Innovation and Climate Action, examined the EU’s vision to decarbonise shipping and the opportunities for waterborne transport in the framework of the EU Innovation Fund.

Wilfried Lemmens, Board member of the Waterborne Technology Platform said: The Waterborne Technology Platform welcomes the fact that the deployment of technologies and concepts facilitating the transition to zero-emission waterborne transport can be co-financed via the EU Innovation Fund. It is specifically relevant, since these innovative technologies have reached a technological maturity, but are often not mature yet from a financial perspective. Thereby, the Innovation Fund is key to deploy the technologies resulting from Research, Development and Innovation, more specifically in the framework of the Co-Programmed Partnership on Zero-Emission Waterborne Transport under Horizon Europe. Combining Research, Development and Innovation efforts with support for the deployment of innovative technologies, will offer Europe the possibility to be a frontrunner in the transition to zero-emission waterborne transport.”

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