£20m green innovation fund launched to "revolutionise" UK ships and ports
The government has today announced that it is launching a £20m fund for green innovations in the UK’s maritime industry.
The funding will support the development of prototype ships and port infrastructure, such as hydrogen-powered vessels and echarge points at ports.
This comes ahead of the country hosting the COP26 climate change summit in November, as part of its plan to head towards net zero carbon emissions.
If trials supported through the fund are successful, the government aims for these technologies to be developed commercially.
It says that the investment in making the sector greener will “drive economic growth” as well as potentially bringing jobs to the UK.
Transport Secretary Grant Shapps commented: “We have a proud shipbuilding history and, together with industry, I am determined to build on that as we look to develop the innovations of the future and meet our net-zero target.
“We are revolutionising maritime technology and, from electric boats to hydrogen ports, we will change the way this country sails forever, and bring jobs and prosperity to the UK.”
Maritime Minister Robert Courts said: “This is a turning point for the UK’s maritime sector. It’s an opportunity for businesses to develop the technologies of the future, not only protecting our environment but driving economic growth.
“I urge this country’s best thinkers to put their green ideas forward and help us deliver a better, cleaner maritime sector.”
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