The IMO-Norway GreenVoyage2050 Project has received 14.5 million NOK (USD 1.75 million) in additional funding to continue assisting developing countries in their efforts to reduce GHG emissions from ships.
hase one of the Project, signed with Norway in 2019, is currently underway and the extra funds will be used to carry out several further activities to support implementation of IMO’s Initial GHG Strategy.
Mr. Kitack Lim, Secretary-General, IMO commented on the occassion:
I am extremely appreciative that Norway has made additional funding available for the GreenVoyage2050 Project. This is indicative of the confidence that donors have in IMO’s technical assistance activities, including the implementation of our GHG strategy. The GreenVoyage2050 Project is a demonstration of our commitment to supporting developing countries in our united global effort to reduce emissions from shipping
Phase one of the GreenVoyage2050 Project will run until May 2022. The additional funding will be used for the development of tools to support identification and implementation pilot projects on board ships and in ports, assisting partnering countries in developing bankable pilot project proposals, and exploring the potential for alternative fuels within the projects pioneer pilot countries.
It will also assist Small Islands Developing States participating in the project to explore opportunities to undertake and support domestic pilot projects.
What is more, Sveinung Oftedal, Specialist Director of the Norwegian Ministry of Climate and Environment, noted that Norway is committed to supporting developing countries in order to succeed in its actions to reduce GHG emissions in line with IMO’s GHG strategy.