Regulation

ICS and two major flag states want IMO-backed climate fund

The fund will support green projects and the energy transition in developing countries, ultimately leading shipping to net-zero emissions by 2050.
The secretary general of the ICS wants countries to be determined to develop the regulations needed to establish the Zero Emission Shipping Fund, otherwise the 2050 target will not be reached, he believes. The picture shows the container ship Cap Andreas sailing under the Liberian flag. | Photo: Matt Rourke/AP/Ritzau Scanpix
The secretary general of the ICS wants countries to be determined to develop the regulations needed to establish the Zero Emission Shipping Fund, otherwise the 2050 target will not be reached, he believes. The picture shows the container ship Cap Andreas sailing under the Liberian flag. | Photo: Matt Rourke/AP/Ritzau Scanpix
by METTE GRUBE CONDRUP

The global shipping association International Chamber of Shipping (ICS), the Bahamas and Liberia are calling on the IMO to establish a climate fund to accelerate the green transition of the maritime sector and support developing countries in achieving the goal, ICS writes in a press release. 

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