Tuesday, September 10, 2019

More Government Grant Money to Cut Emissions from British Shipping is Announced

Low Carbon Projects Get a Cash Boost during LISW 2019
Shipping News Feature

UK – As London International Shipping Week (LISW 2019) proceeds apace, the British government has announced further funding to support new low-carbon maritime shipping technology projects through Maritime Research and Innovation UK (MarRI-UK), a consortium of leading maritime organisations.

Maritime Minister Nusrat Ghani has today committed a further £1 million in addition to the £1 million which MarRI-UK has already allocated to support early stage clean maritime projects, the target being to bring about a zero emission industry. The Minister has been emphasising the UK’s wealth of maritime knowledge and is keen to boost it further by supporting development of the very latest technologies. Speaking at today’s announcement, she said:

“I am delighted to announce this fantastic funding for pioneering research, bringing the UK ever closer to zero emission shipping. The UK continues to lead the way on the global stage, playing a key role in reaching an international agreement to reduce greenhouse gas emissions from shipping by at least 50% in 2050. This latest investment will help ensure our great maritime nation remains sustainable years into the future.”

The Government is also announcing a push to bring financiers and budding entrepreneurs together to help innovation flourish in the sector. The new Green Finance for Maritime conference in Summer 2020 will bring together representatives from the government, financial services and technology sector to build relationships and broker new deals.

Here the intention is to help cement the UK’s position as a global hub for the provision of green finance and move the UK even further towards zero-emission shipping. Smart shipping and clean maritime, are key strands of the government’s Maritime 2050 strategy, a long term look at the opportunities for the sector for the next 30 years. Sarah Kenny, Vice Chair of Maritime UK said:

“The UK is home to world leading maritime technology, particularly in automation. We want to be leaders in the key areas of decarbonisation and digitisation too. MarRI-UK is the first collaborative body in the sector that brings together expertise from all parts of the sector. We back decarbonisation by 2050 and by working collaboratively with government, we will achieve this. Already across Britain we’re seeing promising progress: from hybrid ferries to hydrogen fuel, the sector is tackling the challenge head on.”

Such initiatives are at the top of both the government’s and the industry’s agenda with projects such as hybrid ferries already being in place for services between Portsmouth and the Isle of Wight and in Scotland, whilst another project in Orkney is exploring how to directly inject hydrogen into the fuel supply of ferries, thus reducing CO2 emissions.

The running of ships engines in port are being eliminated with shore side electricity at Portsmouth, Fraserburgh and Brodick used to once again cut emissions. These new initiatives are helping the Government deliver on its Clean Maritime Plan, published earlier this year to set out how it intends to clean up the sector and move to zero emission shipping.