NGO: New financing could kick-start retrofit
The environmental NGO Carbon War Room has worked intensely on a new financing model to make retrofitting attractive to shipowners.
BY KATRINE GRØNVALD RAUN
The financial crisis has kept many shipping companies and shipowners from retrofitting their ships, in spite of the obvious long-term benefits, including large savings on, particularly, fuel. But a new financing model will make it attractive for shipowners to choose this option while also helping to reduce the shipping industry's CO2 emissions, which is one of the causes the NGO Carbon War Room advocates, President José Maria Figueres, tells ShippingWatch.
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