The International Chamber of Shipping has released a statement Following the conclusion of the International Maritime Organisation’s (IMO) Maritime Environment Protection Committee (MEPC) 77, the International Chamber of Shipping (ICS) have released the following statement
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.
In a landmark moment for maritime workers the formation of a Just Transition Maritime Task Force has been agreed to drive decarbonisation of the industry and support millions of seafarers through shipping’s green transition.
Green Climate Fund (GCF) discussed the possibility of an application to its Project Preparation Facility (PPF), worth up to USD 1.5 million, to fast-track the creation of shipping R&D Fund, that could be used to accelerate investment proposals to decarbonize the shipping industry.
A massive scaling up of finance for research and development is essential to achieve zero carbon emissions by 2050. This report outlines the urgent steps that will be required to completely transform shipping’s current dominant propulsion technology and fuels landscape, and provides a blueprint for governments and industry to target their investment in innovation.
A massive scaling up of finance for research and development is essential to achieve zero carbon emissions by 2050, says report by International Chamber of Shipping and global engineering, environmental and strategic consultancy Ricardo.