Jul 23

Chamber reacts to £34m of funding to help shipping decarbonise

The UK Chamber of Shipping has welcomed the latest funding announcement as part of the Clean Maritime Demonstration Competition.

The Clean Maritime Demonstration Competition (CMDC) looks to foster and promote the continued progress towards reaching our net zero goals through the development of novel and sustainable technologies that will help connect people, goods and services in a cleaner, greener way. Today's announcement, the fourth round of funding, brings the total invested to £129 million 

Today’s funding will open for applications on 2 August until 27 September. Prospective bids will be assessed against a range of criteria to see how likely they will deliver on real world demonstrations of clean maritime technology. This can include everything from creating alternative fuel sources for freight ships to pushing the limits of battery powered vessels.   

Commenting on the announcement the Chamber's CEO Sarah Treseder said:

“Instilling confidence in the UK shipping industry to invest in new technologies and fuels is central to reaching net zero. This funding, with a focus on real world demonstrations, will help to do that and unlock investment from across the shipping community to deliver the technologies that will reduce emissions while ensuring shipping remains at the heart of the UK’s economy.” 

The CMDC is funded by the UK Shipping Office for Reducing Emissions (UK SHORE) and delivered by Innovate UK. UK SHORE is a programme within the DfT focused on accelerating the technology necessary to decarbonise the domestic maritime sector and is delivering a suite of interventions aimed at addressing different barriers to maritime decarbonisation. 

More information about this story is available on .gov.uk