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.

Project Details

GEF Project ID
10501
Country
Global
Implementing Agencies
The World Bank
Approval FY
1970
Status
Cancelled
Region
Global
Executing Agencies
Cargill Ocean Transportation; Maerk Tankers; Mitsui
GEF Period
GEF - 7
Project Type
Full-size Project
Focal Areas
Funding Source
GEF Trust Fund

Financials

USD
Co-financing Total
142,300,000
GEF Project Grant
13,500,000
GEF Agency Fees
1,215,000

Timeline

Received by GEF
27 Feb 2020
Concept Approved
01 Jun 2020
Project Cancelled
13 Dec 2021