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Shipping industry welcomes IMO decision to give further consideration to USD 5 billion fund to accelerate decarbonisation

20 November 2020

Copenhagen, Brussels, London and Washington; November 20, 2020 – The UN International Maritime Organization (IMO) has given initial consideration to an innovative proposal from the global shipping industry to collectively provide USD 5 billion to accelerate R&D to support its decarbonisation.

Shipping industry urges Governments to take forward USD 5 billion proposal to accelerate the decarbonisation of maritime transport

16 November 2020

Copenhagen/London/Washington, November 13, 2020 – As governments come together at the UN International Maritime Organization (IMO) to consider important next steps to decarbonise maritime transport, the global shipping industry urgently calls on them to take forward its proposal for an industry-financed, USD 5 billion research and development programme, to catalyse the transformation of the industry from dependence on fossil fuels to operating with zero-carbon energy sources.