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IMO’s GreenVoyage-2050 Project gets USD 4.3 Mn boost from Norway

Norway has provided an additional NOK
40 million (USD 4.3. million) to the IMO-Norway GreenVoyage-2050 project, a
project aiming at supporting greenhouse gas (GHG) reductions.

The new tranche follows the initial
funding of NOK 10 million for the project, provided by Norway earlier this

Launched in May 2019, the
GreenVoyage-2050 project is in line with the International Maritime Organization’s
initial strategy for reducing greenhouse gas (GHG) emissions from shipping and
supports the UN Sustainable Development Goal (SDG) 13 on climate action.

“Norway is very pleased to enhance
our financial commitments to support IMO’s efforts to build capacity and to
provide technical assistance to support the IMO initial GHG strategy,” Sveinung
Oftedal, Specialist Director of the Norwegian Ministry of Climate and
Environment, said after signing the agreement for additional funding with IMO
Secretary-General Kitack Lim on November 13.

“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.”

As explained, the project will assist
countries to implement legal, policy and institutional reforms, build capacity
and initiate and promote global efforts to demonstrate and test technical
solutions for reducing GHG emissions.

The IMO is currently in the process
of selecting pioneer pilot countries, new pilot countries, partner countries,
industry partners and strategic partners at national, regional and global

GreenVoyage-2050 will run for an
initial two-year period, with over 50 countries in 14 sub-regions across the
globe expected to take part.
World Maritime News.

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