Canada Announces $165.4 Million Green Shipping Corridor Program

On December 1, 2023, Minister of Transport Pablo Rodriguez announced the Green Shipping Corridor Program, marking a significant advancement in environmental sustainability for Canada.

Supported by an enormous $165.4 million investment, the program promotes environmentally responsible practices in the marine shipping sector in critical areas, which includes the St. Lawrence Seaway, the Great Lakes, and Canada’s eastern and western coasts.

The program, comprising two crucial funding streams, aims to solve pollution issues in the maritime industry and clear the path for more dependable and clean shipping.

Funding applications under these streams are currently being accepted through Transport Canada’s website. Project proposals that meet the goals of the program are welcome.

According to Minister Rodriguez, the Green Shipping Corridor Program is a significant step towards Canada’s goal of having net-zero emissions by 2050.

The Minister of Energy and Natural Resources, Jonathan Wilkinson, repeated the statement when he was at the Port of Vancouver. He emphasised the significance of wise investments to guarantee competitive and sustainable supply chains, which are necessary to provide Canadians with reasonably priced goods.

The acquisition is a critical step toward hastening the national and British Columbian adoption of clean technologies and fuels. Canada continues collaborating with other partners to investigate further environmentally friendly shipping routes.

A vital component of the government’s larger plan to assist transportation decarbonisation and hasten the marine industry’s switch to fuels and technologies free of greenhouse gas emissions is the Green Shipping Corridor Program.

Reference: canada.ca

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Source: Maritime Shipping News