UK Backs Creation Of Green International Shipping Routes with Fresh Funding

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The UK government has revealed it will launch the bidding process for the £1.5 million ($1.9 million) funding aimed at establishing zero-emission shipping routes to and from the UK, reports Offshore Energy.

CMDC 

The latest round of the Clean Maritime Demonstration Competition (CMDC) will look to map out necessary infrastructure, costs, and regulatory measures essential for the decarbonization of shipping routes. The bidding process will start today (April 5, 2024).

The funding comes from the wider £206 million UK  Shipping Office for Reducing Emissions (UK SHORE) program, announced in March 2022.

Ireland and the Netherlands will provide match-funding for organizations in their countries, while Denmark and Norway will provide other contributions through access to information and facilitation of collaboration.

The UK-Ireland competition will open for bids on April 15, 2024, and the UK-Netherlands competition will open for bids shortly after on June 3, 2024. Both countries will provide match funding of £430,000. The competitions and procurements will be managed by delivery partner Innovate UK.

The CMDC’s goal is to support feasibility studies focused on accelerating the development of green corridors.

The new studies will map out the infrastructure required along the routes to enable vessels to access green fuels and power charging systems, as well as look at further regulations required to push the industry towards decarbonization.

Importantly, the program aims to achieve the UK’s net-zero commitments by finding ways to adapt the costs of green fuels.

If successful, it will bring about zero-emission shipping routes connecting the UK to the Netherlands, Norway, Denmark, and Ireland.

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Source: Offshore Energy