Shipping: Carbon Emissions
The question
To ask the Secretary of State for Transport, with reference to his Department’s press release entitled £271 million to clean up shipping and power coastal communities, what estimate he has made of the level of private investment expected to be leveraged by the £271 million clean maritime funding package.
Answered by Keir Mather
All projects in UK SHORE competitions winners are required to provide match-funding from industry, which guarantees sector support and investment. We anticipate the two new competitions will progress innovation even further and attract additional private investment, having a positive impact on future greenhouse gas emissions and interim emissions reductions targets as set out in the Maritime Decarbonisation Strategy. The level of emissions savings and investment will be assessed as part of the project bidding process.
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