Support grows for USD 5 billion research fund to decarbonise shipping as Denmark joins major shipping nations
Washington, D.C./Brussels/ Singapore, 15 March 2021 - The proposal to create a USD 5 billion USD International Maritime Research and Development Board (IMRB) was submitted to the UN’s International Maritime Organisation (IMO) on the 10[th] of March 2021 by Georgia, Greece, Japan, Liberia, Malta, Nigeria, Palau, Singapore, and Switzerland. Denmark now joins as a co-sponsor, and we expect several other nations to voice their support for the proposal at the next meeting of the IMO Marine Environment Protection Committee in June.“The sponsoring nations have done a very thorough job, mapping out