The Strategist

EU to allocate €2.9 billion for non-fossil fuel development by 2027



11/06/2025 - 05:58



The European Commission has introduced a set of initiatives aimed at speeding up the growth of high-speed rail services and boosting investment in renewable and low-carbon fuels for air and water transport.



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According to an EC press release, the program seeks to cut the train travel time from Berlin to Copenhagen from seven hours to four hours by 2040, and from Athens to Sofia from thirteen hours and forty minutes to six hours.

Trains traveling at speeds of 200 km/h and higher will also run on new cross-border routes, such as the Paris-Lisbon line with a stop in Madrid, helping to improve connections between the capital cities of the Baltic states.

These actions involve creating a financial plan, enhancing the investment environment in the sector, and looking into ways to boost train speeds, including those over 250 km/h.

The goal is to make rail travel more appealing as an alternative to short-haul flights, reduce overcrowding on existing rail routes, encourage the expansion of night services and freight transport, support military mobility, and strengthen the EU's industrial and tourism sectors.

Additionally, the EU plans to raise at least €2.9 billion by 2027 for projects involving renewable and low-carbon fuels.

This will help reduce reliance on imported fossil fuels, among other benefits.

source: reuters.com