Shipping: Finance

(asked on 28th September 2020) - View Source

Question to the Department for Transport:

To ask the Secretary of State for Transport, ahead of COP26, what assessment his Department has made of the potential merits of a green shipping fund.


Answered by
Robert Courts Portrait
Robert Courts
Solicitor General (Attorney General's Office)
This question was answered on 5th October 2020

The Department has undertaken extensive research in support of its Clean Maritime Plan into the options to decarbonise the shipping industry and promote green shipping, which has included consideration of the use of financial measures including funding mechanisms, and has published this research on Gov.UK.

Internationally the UK is committed to working with fellow member States at the International Maritime Organization to drive a reduction of emissions, and we welcome the initiative of some industry partners in developing initial proposals for a possible marine fuel levy to fund research into maritime decarbonisation. We look forward to engaging more fully with this proposal when the IMO’s Marine Environment Protection Committee meets in November.

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