The maritime energy transition will require support for human capacity development across developing States, including SIDS and LDCS, as well as investment in scalable and bankable projects that will support the move to zero emission shipping by or around 20250, in line with IMO’s GHG Strategy.

During an IMO Future Fuels and Technology Project session on “Maritime Infrastructure and the Global Energy Transition: From Supply to Deployment” in Busan, Republic of Korea (29 October), IMO’s Sonakshi Mishra highlighted IMO’s holistic approach to technical cooperation to help bridge financing gaps and achieve sustainable, long-term impacts, through the FINSMART+ and GHG-SMART projects.

FINSMART+ is a recently launched GEF project which IMO is executing in collaboration with EBRD and The World Bank Group. It aims to advance maritime decarbonization projects, including existing IMO technical…