The government prepares a €1.5 billion aid package to renew the merchant fleet

Shipowners will have a subsidy fund of €500 million from the ETS and public guarantees of €1,000 million to decarbonise

The Ministry of Transport and Sustainable Mobility is working to make the demands of the Association of Spanish Shipowners (Anave), chaired by Vicente Boluda, a reality, which has been calling for aid for the renewal and decarbonisation of fleets in the midst of the energy transition. On the one hand, according to official sources, Óscar Puente’s ministry is preparing a subsidy program of no less than 500 million euros aimed at allowing shipowners to update and renew their ships to comply with the EU’s Fit for 55 regulatory package by 2030, which seeks to reduce emissions by at least 55 per cent compared to 1990 levels. This programme will be funded by the Spanish government through the EU Emissions Trading Scheme for Maritime Transport, known as the EU ETS, which came into force on 1 January.

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