The European Union provides several funding opportunities for activities, initiatives and projects aiming to make shipping more environmentally friendly. In parallel, green loans from banks alongside EU grants make it possible to, for example, invest in technologies supporting clean shipping. Funding for clean shipping projects, especially large initiatives, is usually derived in fragments from various different sources. Since funding sources and institutions can be seen as tools for investments, investment decisions must be considered carefully, and should not be seen as a ‘one size fits all’ -concept.
To present the large variety of available funding instruments for clean shipping in Europe and the opportunities these instruments provide, CSHIPP partners from Tallinn University of Technology have compiled a new manual “Best Practices in Clean Shipping Financing in Europe”. The manual delves into several funding sources and instruments such as Horizon 2020, European structural and investment funds, Interreg Baltic Sea Region Programme, Connecting Europe Facility and Green Shipping Loan Programme. In addition, the manual presents practical cases of clean shipping financing by exploring projects which have received EU funding. The manual is targeted to industry end-users in the private sector as well as to research organisations interested in finding out more about available funding options and combinations that can be utilised. Geographically, the focus is in the Baltic Sea region but examples from other areas are also discussed.
Download the Manual of Best Practices in Clean Shipping Financing in Europe here.