ESSF Smart Financing Tools
Panos Yannoulis, President, Oceanking introduced to the audience the ‘’ESSF Smart Financing Tools’’ during the 2016 SMART4SEA Forum. He explained that the European Sustainable Shipping Forum (ESSF) was created by the European Commission in 2013 with the aim to foster sustainable maritime transport. Its work is divided in sub- groups such as the Sub-group on Financing Aspects which is currently in the process of “calibrating” an innovative Green Shipping Financing Tool (GSFT). The main idea of the GSFT is to find “smart” ways to overcome main existing barriers for commercial banks to finance the introduction of “green” technologies which are required to meet challenging international and European environmental regulations.
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