Policy support needed to drive maritime innovation
Government support for innovative low-carbon propulsion technology is needed to help unlock the shipping industry’s desire to decarbonise, according to a panel of experts.
Speaking at ShipTech Virtual Is the Zero-Carbon Future a Slow Shipping Future? as part of the Maritime Online Series, Diane Gilpin, CEO & Founder of Smart Green Shipping said action was needed to prevent innovations from being lost.
Gilping recalled that early, small, land-based wind turbines received domestic UK government support in the form of renewable obligation certificates which supported the sector through a period where it would otherwise have made little commercial sense for financial investors to come on board. “That enabled was for the pioneering developers to overcome what is known as the valley of death, where innovations go to die,” said Gilpin.