Independent journal on economy and transport policy
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Intercargo calls on the IMO's MEPC to approve the five-billion-dollar fund to decarbonize shipping
It is necessary - underlines the association - to achieve the goal by 2050
November 24, 2021
Highlighting that the current session of the MEPC is the occasion on which the Member States of the IMO may adopt the measures necessary to achieve this result, Intercargo has noted that, 'in the short term, an immediate priority is the approval of the industry's proposal for "the establishment of an International Maritime Research and Development Board" and an "IMO Maritime Research Fund" as indicated in document 77/7/6 of the MEPC co-sponsored by Intercargo'. This document, in fact, accepts the proposal of the main maritime transport associations, including Intercargo, for the establishment of a fund of five billion dollars, funded by the same industry, to accelerate the research and development activities for the decarbonization of shipping ( of 18 December 2019).
In this regard, Intercargo recalled that it had presented together with the International Chamber of Shipping (ICS) a proposal for a global tax on ships' carbon emissions as a measure medium-term market in order to accelerate adoption and diffusion of technologies and fuels with zero emissions of carbon.
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Highlighting that the current session of the MEPC is the occasion on which the Member States of the IMO may adopt the measures necessary to achieve this result, Intercargo has noted that, 'in the short term, an immediate priority is the approval of the industry's proposal for "the establishment of an International Maritime Research and Development Board" and an "IMO Maritime Research Fund" as indicated in document 77/7/6 of the MEPC co-sponsored by Intercargo'. This document, in fact, accepts the proposal of the main maritime transport associations, including Intercargo, for the establishment of a fund of five billion dollars, funded by the same industry, to accelerate the research and development activities for the decarbonization of shipping 
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
