LEGISLATING FOR ALTERNATIVE FUELS

FETSA’s executive director, Ravi Bhatiani, looks at what’s needed from political leaders to enable the energy transition The Federation of European Tank Storage Associations (FETSA) is committed to help achieve the EU’s 2030 and 2050 climate targets by replacing fossil fuels with low-carbon and renewable energy carriers. This transition must be driven by legislation (such as the ‘Fit for 55’ Package and the ‘REPowerEU’ Plan), market incentives, consumer choices and geopolitical needs. For this to succeed, investments will be needed to foster the adaptation of existing storage and distribution infrastructure, as well as research, development and innovation in the field of logistics. ENABLING ALTERNATIVE FUELS The tank storage sector as represented by FETSA is contributing to the EU legal framework for sustainable investments known as the EU Taxonomy in order to direct investment flows to our sector. FETSA is explaining to the EU that storage infrastructure should be classed as a sustainable investment, especially the infrastructure related to future energy carriers. This includes the infrastructure for renewable and low-carbon energy carriers replacing...