The partnership will include projects that will tackle biofouling and marine plastic litter and the designing of long-term program to help cut ship emissions.
The agreements will see $509,000 going to the 3 environmental initiatives.
The 1st deal will allocate funding of approximately $400,000 for a 12-month preparatory phase of a new long-term IMO Coordinated Actions to Reduce Emissions from Shipping initiative.
IMO Secretary-General Kitack Lim said:
- Lowering emissions, reducing marine litter and tackling invasive aquatic species are vital to preserving our oceans
- I am very pleased that these agreements will go towards IMO projects to help reduce the impact of shipping on our oceans
- They demonstrate our continued commitment to protecting our environment
Saleh bin Nasser al-Jasser, Minister of Transport & Logistic Services of Saudi Arabia, said:
- We know that it is technological innovation and the development of alternative future fuels that will be key to progress
- But it’s equally important that we ensure that innovations in these areas are inclusive and coordinated as well
- No one can do this alone and no one should be left behind
- We need both the North and the South to get connected in this innovation ecosystem and we need all stakeholders to be around the innovation table including stakeholders across the value chain
The project aims to tackle marine plastic litter.