UK government provides £12m to stimulate green innovation in maritime sector

The UK government has announced funding of £12m for research and development into green maritime technologies. The funding is associated with the Clean Maritime Demonstration Competition (CMDC) and includes a goal of tackling emissions associated with shipping. Currently, the International Energy Agency estimates that shipping accounts for 2% of global energy-related CO2 emissions. According to the UK government: “The CMDC is one of the first initiatives from UK SHORE, a new unit launched to make the maritime sector greener. Dedicated to creating a world free from shipping emissions, UK SHORE will work with industry to tackle numerous shipping emission challenges."