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Shipping sector proposes US$5 billion R&D board to cut emissions

Maritime Risk International

Shipping sector proposes US$5 billion R&D board to cut emissions

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 CO 2 emissions from international shipping. The proposal includes core funding from shipping companies across the world of about US$5 billion in a 10-year period.

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