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Governments decide on International Chamber of Shipping USD5 billion R&D fund to accelerate zero-carbon shipping in first ‘litmus test’ of COP 26 commitments

A critical meeting of the Marine Environment Protection Committee (MEPC), held by the global shipping industry’s UN regulator, will decide whether to go ahead with a USD 5 billion R&D fund – the ‘IMO Maritime Research Fund (IMRF)’. The decision is what industry is calling the 'first litmus test' of government's decarbonisation commitments following COP26.

22 November 2021 Press Release