IFC-GEF Greener Shipping Investment Platform

IFC proposes to create an IFC-GEF Greener Shipping Investment Joint Venture for the Decarbonization of Maritime Transportation (“the Platform”), a first-of-its-kind, technology-agnostic, private-sector driven, financing vehicle to accelerate the creation of a global fleet of green, low-carbon ships.

Financial mechanism
GEF
Status
Cancelled
URL
https://www.thegef.org/projects-operations/projects/10501
Managing organisations
Cargill Ocean Transportation
Maerk Tankers
Mitsui
Implementing organisations
World Bank
Project ID
10501
GEF project type
Full size
GEF project phase
GEF - 7
GEF Cofinancing
$142.300.000
GEF project grant
$13.500.000
Executing Agencies
Cargill Ocean Transportation; Maerk Tankers; Mitsui