Here are the main highlights of the Associations of the Renewable and Low-Carbon Liquid Fuels Value Chain statement on the package of proposed environmental measures by the European Commission (Fit for 55). The plan aims to reduce carbon emissions in the EU by 55% by 2030. It contains numerous legislative proposals such as the reform of the EU Emissions Trading System, the carbon border regulation mechanism, the Renewable Energy Directive, etc.
The Associations of the Renewable & Low-Carbon Liquid Fuels Value Chain consider the publication of the European Commission’s Fit For 55 package a step in the right direction; however, the proposals do cause some concerns as they fail to fully recognise the crucial contribution of renewable and low-carbon liquid fuels in the decarbonisation of transport and the value of multiple technological pathways to achieve 2030 and 2050 targets.
The associations, therefore, demand that the revised proposal on CO2 standards for cars and vans regulation recognise the crucial role of renewable and low-carbon liquid fuels and ensure that all possible decarbonisation technologies are taken into account.
Stimulating the widespread use of LPG, as well as other sustainable low-carbon liquid fuels, is essential to the EU’s decarbonisation efforts and the transition to zero-emission mobility, providing security for consumers whilst Member States develop their respective infrastructures and transportation companies transform their businesses in line with the 2030 and 2050 climate objectives.
The associations also believe the creation of an Emission Trading System (ETS) for road transport, together with RED III and vehicle CO2 standards is expected to create a carbon price signal necessary to trigger the investments in the developments of Low-Carbon technologies for vehicles and fuels. However, the consequences for both citizens and businesses should be carefully addressed.
„We see a missed opportunity to support sustainable renewable fuels. We believe that leaving the decision to the Member States whether to exempt renewable fuels of the energy taxation or not will lead to a patchwork of fuel prices and an unharmonized European fuel market,“ the document states. Read the original article here.