The European Sustainable Shipping Forum (ESSF), that met in Brussels on June 28, 2016, has hosted debate around a new financing tool called the Green Shipping Guarantee Programme.
In terms of finance, ESSF supported the new financing tool called the Green Shipping Guarantee Programme. This Green Shipping Guarantee Programme will enable a guarantee mechanism to help ship owners sustainably invest and reduce the current assumed high risk of investing in retrofitting technologies by the private sector.
The European Community Shipowners’ Associations (ECSA) also stated that they are willing to help establish a financing instrument, such as a risk sharing mechanism to be supported and used by EU Member States, European Investment Bank (EIB), EU Commission (CEF), commercial and development banks, ship owners and other financial institutions.
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