The shipping industry has welcomed the growing momentum for a USD 5 billion R&D Fund for shipping but is calling on governments to act in line with their climate commitments and not waste more time in moving forward with decisive action to support the decarbonisation of the industry.
At the recent UN IMO meeting (MEPC 76), the world’s governments agreed to continue work on the IMO-supervised USD 5 billion R&D Fund programme, to be led by a new International Maritime Research and Development...