ShippingWatch

Here is an overview of shipping's new green billion dollar fund

A new green billion dollar fund will pave the way for reduced CO2 emissions. A board consisting of non-state professionals will be established to manage the money. ShippingWatch offers an overview of the new body that will distribute the money.

Photo: Jorge Silva/Reuters/Ritzau Scanpix

A new fund with USD 5 billion will be built up over the next decade, after which the money will be used for developing green solutions for the maritime sector.

This is the proposal set forth by a series of shipping organizations, which will now establish a board of directors to manage the large sums of money that will be placed in the fund.

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