Global shipping bodies propose $5bn decarbonisation R&D fund

Attempting to keep the general public and regulators at bay, the world’s top shipowning bodies today preempted the growing environmental focus on shipping by coming up with their own concept for a multi-billion dollar research and development fund to cut emissions.

The global maritime transport industry, via eight lobby groups, has submitted a proposal to form the world’s first collaborative shipping R&D programme to help eliminate CO2 emissions from international shipping.

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