Success Stories | Shipping

Moving from Shipping Vessel Ratings to Financing Clean Technology Retrofits

Task

Develop new financing mechanism to assist ship owners make fuel efficiency retrofits.

Process

Identified market barriers such as information gaps on new technology design and operational practices, lack of understanding on return on investment potential among shipowners, and consistent signals (economic markets or regulator) to drive investment in carbon reduction approaches. Identified possible solutions. Developed an implementation plan.

Solution

Developed a new financing mechanism to assist ship owners to make fuel efficiency retrofits. To be announced mid-2012.

Presented by

The Carbon War Room, an independent global non-profit, works to accelerate the scaled deployment of clean technologies. Over 50% of the climate change challenge can be addressed today — and profitably — under existing policy and technology conditions. We seek to facilitate a better flow of capital to entrepreneurial solutions that make economic sense right now.