Independent journal on economy and transport policy
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The shipping industry is disappointed that consideration of the proposal to set up a fund for the decarbonisation of shipping has been deferred
What are we waiting for, bimco, clia, intercargo, interferry, ics, intertanko, ipta and wsc are asked
June 18, 2021
In a joint note, the associations BIMCO, CLIA, Intercargo, Interferry, International Chamber of Shipping (ICS), Intertanko, IPTA and the World Shipping Council (WSC) expressed their own disappointment that once again you have to wait for the next meeting before we can consider the proposal, The eight organisations have pointed out that in recent years three years the research and development fund aimed at speeding up the development and introduction of zero-emission technologies and fuels emissions for maritime transport, which - they recalled - are essential to allow the sector to decarbonise, it is developed in depth and is 'the only proposal concrete on the table and can be agreed and put in place by 2023.'
"We urgently need - continues the note - to expand and accelerate research and development of technologies and fuels to zero carbon emissions. But innovation is not free. In order to promote innovation, industry is willing to secure funding of five billion dollars without any cost to governments, giving all nations equal access to and technologies promoted by the Fund. So -- you ask the eight associations - what are we waiting for?'
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