ICS and IMO meet with Green Climate Fund

Chamber of Shipping > Blog > News > International > ICS and IMO meet with Green Climate Fund

Meeting in the margins of the Shaping the Future of Shipping conference in Glasgow, the Deputy Executive Director of the Green Climate Fund, the Secretary General of the International Maritime Organization, and the Secretary General of the International Chamber of Shipping met to discuss funding options for the proposed ‘IMO Maritime Research Fund’ (IMRF). A key aim with the meeting was to develop potential solutions to ensure that developing economies from Latin America, the Caribbean, Africa, Eastern Europe, Central Asia, and the Pacific can access technology and funding for zero carbon ships and the required infrastructure. One solution to be discussed further in the coming weeks is the potential availability of up to USD 1.5 million from the GCF Project Preparation Facility (PFF) to fast track the creation of the IMRF; a USD 5 billion research and development fund to accelerate research and development into zero emission technologies to be used by shipping.

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