IMO, GEF and UNDP agree on funding for maritime energy efficiency project

28 July 2015 (Last Updated July 28th, 2015 18:30)

International Maritime Organization (IMO), the Global Environment Facility (GEF) and the UN Development Programme (UNDP) have signed an agreement to deliver $2m to a global maritime energy efficiency partnership project.

IMO

International Maritime Organization (IMO), the Global Environment Facility (GEF) and the UN Development Programme (UNDP) have signed an agreement to deliver $2m to a global maritime energy efficiency partnership project.

The two-year project, GloMEEP, is aimed at supporting increased uptake and implementation of energy-efficiency measures for shipping.

The new project will focus on building capacity in order to implement technical and operational measures in developing countries.

According to IMO, it is hoping to promote a low-carbon maritime sector, which will help to reduce the adverse impacts of shipping emissions on climate change, ocean acidification and local air quality.

Meanwhile, the project is expected to establish a public-private sector partnership within the project framework, through a new global industry alliance (GIA) for maritime energy efficiency.

"IMO is hoping to promote a low-carbon maritime sector, which will help to reduce the adverse impacts of shipping emissions on climate change, ocean acidification and local air quality."

This partnership will see the participation of classification societies, ship builders, owners, operators, marine equipment suppliers, port operators, and marine consultancy and management system providers.

IMO said the organisation will implement the project in collaboration with UNDP, while ten IMO member states have signed up to the project as lead pilot countries.

These countries will receive support to take a fast-track approach to pursue relevant legal, policy and institutional reforms, driving national and regional government action and industry innovation in order to support the implementation of IMO's energy efficiency requirements.

GloMEEP will also receive funds in the form of in-kind and financial donations to a projected total of some $13.8m.


Image: GloMEEP will focus in particular on building capacity to implement technical and operational measures in developing countries. Photo: courtesy of International Maritime Organization.