German government to provide shipping's green transition with EUR 30m annually

Development of CO₂-free ships is so high on the German Federal Ministry for Economic Affairs and Climate Action’s agenda that EUR 30m will be allocated every year to the green transformation of shipping.

by JENS THOMSEN

Berlin intends to promote the green transition of the German shipping industry via an allocation of EUR 30m per year until 2025.

The subsidies are meant for development of CO₂-free vessels, said Federal Government Coordinator for the Maritime Industry and Tourism Claudia Müller previously in the month, according to media Offshore Energy.

”We will provide an additional 30 million euros per year until 2025. We want to promote the construction of zero-emission ships and send out a strong signal for climate-neutral shipping,” said Müller.

The German government provides the means as part of the effort to modernize German shipping, not least via innovation, digitalization and climate transition.

English edit: Kristoffer Grønbæk

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