“Shipping sector proposes USD 5 billion R&D board to cut emissions” 2

Associations, Environment, Intercargo, International Chamber of Shipping, Intertanko — By on December 18, 2019 at 12:08 PM

Dimitris J. Fafalios

“Shipping sector proposes USD 5 billion R&D board to cut emissions” 2

Joint Media Release – 18 December 2019

“Shipping sector proposes USD 5 billion R&D board to cut emissions”

The global maritime transport industry has submitted a proposal to form the world’s first collaborative shipping R&D programme to help eliminate CO2 emissions from international shipping. The proposal includes core funding from shipping companies across the world of about USD 5 billion over a 10-year period.

Highlights of the proposal:

  • A new non-governmental Research & Development organisation to pave the way for decarbonisation of shipping.
  • Core funding from shipping companies across the world of about USD 5 billion over a 10-year period.
  • To accelerate the development of commercially viable zero-carbon emission ships by the early 2030s.

Speaking on the announcement, Dimitrios J. Fafalios, Chairman of INTERCARGO said:

“INTERCARGO Members are committed to energy efficiency and GHG emissions’ reduction by continuously improving the fuel consumption of their vessels which is necessary on a day-to-day basis, due to the nature of the dry bulk tramp sector.

Together with our industry partners we are presenting a longer-term proposal with our full support of the International Maritime Organization’s strategy and ambitions on GHG emissions’ reduction.”

Viewers  find the full text here 

 

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