ShippingWatch

The fight for EU climate funding to shipping is now underway

For shipping to meet the IMO targets and make the sector CO2 neutral, EU contributions will be absolutely crucial, say shipowners. A week from now the EU will present its long-term budget until 2028, and this will provide the first key indicators. Shipowners are positive after comments from then EU Commission on Tuesday.

Photo: /ritzau/Marius Nyheim

Billions of euros and ground breaking research projects by the EU will have a decisive impact on when and how the shipping sector can deliver on the CO2 targets recently adopted by the IMO, say shipowners, specifically association Danish Shipping, who are now looking forward to May 2 with huge anticipation.

The absolutely crucial factor is that the EU works with the industry to get the job done"

Casper Andersen, Director, EU Affairs, Danish Shipping

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