$50bn SDG-targeted investment proposals at SDG Investment Fair
Over 100 SDG-aligned projects with a total investment scope of $ 50 billion have been presented during the ...
Zero-emission vessels to set sail in UK waters by 2025
Zero-emission ferries, cruises and cargo ships will set sail in the UK waters within 2 years, creating thousands of new jobs, thanks to a £77 million government investment in clean maritime technology.
This is the first time in UK history the government is intervening to specifically target this level of funding on green maritime tech which is already well developed. The funding will take the tech from the factory to the sea – identifying which projects will have a long-term impact in reducing emissions.
Successful projects must show they could use this money to work with major UK ports and operators to launch a zero-emission vessel by 2025 at the latest.
Examples of such technology include battery electric vessels, shoreside electrical power, ships running on low carbon fuels like hydrogen or ammonia, and wind-assisted ferries.
Transport Secretary Mark Harper said “When it comes to tackling climate change, we are taking action on all transport modes, which is why we’re making sure our world-leading maritime sector has a greener future.”
This multi-million-pound investment will help the latest tech ideas become reality and ensure UK waters will play host to green cargo ships, ferries and cruises in the next few years.
“Our funding will support a cleaner freight system, a more environmentally friendly tourism industry, and a net-zero maritime sector.”
The multi-million-pound Zero Emission Vessels and Infrastructure (ZEVI) competition, launched today, 6 February 2023 – will see innovative companies apply for the funding, which must be used to decarbonize technology both on board and shoreside.
The investment demonstrates the government’s commitment to a new green age for maritime travel, which is free from emissions, in line with the 1.5-degree temperature target set by the Paris Agreement.
Innovate UK will work closely with the Department for Transport in delivering the Zero Emission Vessel and Infrastructure competition, resulting in multi-year real world demonstrations of clean maritime technologies around the UK.
The government is also calling on universities across the UK to join forces to establish a new Clean Maritime Research Hub, with £7.4 million funding from government and additional funding from academia and industry.
Research in the fundamental science behind clean maritime technologies will be delivered by the hub, building evidence and expertise for the maritime sector. It will also support skills development across the industry and generate knowledge for maritime decision-makers.
The hub will be delivered in partnership with and co-funded by the Engineering and Physical Sciences Research Council (EPSRC), part of UK Research and Innovation (UKRI).
The ZEVI fund and Clean Maritime Research Hub are part of the UK SHORE program, launched in March 2022 with £206 million in funding. UK SHORE aims to tackle shipping emissions and advance the UK towards a sustainable shipping future.
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