A major international project to support the IMO’s strategy for reducing greenhouse gas emissions from shipping has been launched to help shipping cut its emissions by at least 50 per cent from 2008 levels by 2050.
GreenVoyage-2050 is a collaboration between the IMO and Norway. It will run for an initial two-year period.
Norway is providing NOK 10 million ($1.1 million) for the first two years of the project – with additional funding subject to government approval for 2020 and subsequent years.
The scheme aims to bolster government and port efforts to achieve emissions cuts through legal and policy reforms, national action plans, private sector partnerships, and new technology projects.
More than 50 countries are expected to eventually participate – with eight countries from Asia, Africa, the Caribbean, Latin America and the Pacific region taking pilot roles.
“I’m encouraged by the fact that the GreenVoyage-2050 project is designed with a private-sector partnership component,” said IMO secretary general Kitack Lim, at the official launch of the project.
“GreenVoyage-2050 will help to accelerate the uptake of technology solutions by the industry”.