On Wednesday 14 July, the European Commission presented the ‘ReFuelEU Aviation’ (see EUROPE B12760A4) and ‘FuelEU Maritime’ sections of its ‘Fit For 55’ package, which is expected to lead to a 55% reduction in greenhouse gas emissions by 2030. These regulations are intended to reduce CO2 emissions in the aviation and maritime sectors.
For example, in the aviation sector - where decarbonisation is complicated by the lack of aircraft running entirely on alternative fuels - the...