Specifically, the project was launched in May 2019, during the IMO's MEPC meeting in London for its 74th session (MEPC 74), conducted to address key environmental challenges for shipping.

The project aims to help countries set legal, policy and institutional reforms, build capacity and initiate and promote global efforts to demonstrate and test innovative technical solutions for reducing GHG emissions from shipping.

Now, IMO has begun another journey in opting for pilot countries, new pilot countries, partner countries, industry partners and strategic partners at national, regional and global levels.

Thus, Norway's investment follows the country's initial funding of NOK 10,000,000 (US$1.1. million) for the project, provided earlier this year.

During the partners' meeting, November 13,  to discuss of further funding, Mr Sveinung Oftedal, Specialist Director of the Norwegian Ministry of Climate and Environment commented

We will continue our efforts to further support the GreenVoyage-2050 project, considering the importance of this project to achieve the goals of the IMO GHG strategy.