Green Climate Fund poised to kick-start industry R&D plan
A timely shot in the arm for the industry’s preferred research and development fund from the UN’s Green Climate Fund comes ahead of crucial negotiations inside the IMO where government support over funding distribution will be key
The UN’s Green Climate Fund has offered up a ‘potential’ $1.5m to fast-track industry plans to get a green R&D fund off the blocks. Despite the relatively small sums, the political accelerator represents significant support for the International Chamber of Shipping inside the IMO where the plan is yet to be considered and support not guaranteed