The proposal for
the International Maritime Research and Development Board (IMRB), formulated by
a wide-range of industry bodies, was submitted to IMO on 10 March by Georgia,
Greece, Japan, Liberia, Malta, Nigeria, Palau, Singapore, and Switzerland.
According to the
World Shipping Council (WSC) Denmark has joined as co-sponsor and several other
nations are expected to voice their support at the next IMO MEPC meeting in
June. The aim is to get member nations of the IMO to approve the proposal at a
critical meeting in November this year.
The sponsoring nations have mapped out in detail the framework
required to get the R&D programme up and running running as quickly as
nations have done a very thorough job, mapping out in detail the framework
required to get the R&D programme up and running as quickly as possible. We
are very pleased to see Denmark’s support, as one of the leading maritime
nations. The IMRB is a crucial step on the path to decarbonise shipping, and we
have no time to lose if we are to meet the UN climate goals,” said John Butler,
CEO of WSC.
The $5bn Fund to help shipping reach its decarbonisation targets
The $5bn Fund
would support the IMRB to commission collaborative programmes for the applied
research and development R&D of zero-carbon technologies to help shipping
reach its decarbonisation targets.
The proposal was
originally announced in December 2019 and backed is co-sponsored by all the
major international shipping associations: Bimco, Cruise Lines International
Association, IMCA, Intercargo, Interferry, International Chamber of Shipping,
Intertanko, IPTA and WSC.