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Cyprus praised for efforts in tackling CO2 shipping emissions
December 19, 2019
The global maritime transport industry has submitted a proposal to form the world’s first collaborative shipping research and development (R&D) programme to help eliminate CO2 emissions from international shipping, according to a statement released by the International Chamber of Shipping (ICS).
The proposal includes core funding from shipping companies across the world of about €4.5 billion over a 10-year period.
The aim is to accelerate the development of commercially viable zero-carbon emission ships by the early 2030s.