Shipping sector proposes USD 5 billion R&D board to cut emissions

Due to its relevance for other projects intending to cut on emissions by ships, OPS MASTER PLAN echoes proposal made to IMO by shipping sector Worl wide to find the way to meet objectives in fighting global warming.

Proposal includes,

– A new non-governmental Research & Development organisation to pave the way for decarbonisation of shipping.
– Core funding from shipping companies across the world of about USD 5 billion over a 10-year period.
– To accelerate the development of commercially viable zero-carbon emission ships by the early 2030s.

More info here.

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