Objective

In 2024, the Nordic Council of Ministers awarded a Phase II project to map existing public funding and financing opportunities in the Nordic countries and assess how they can support the realization of the first Nordic green shipping corridors.

Approach

To ensure realization of the first Nordic green shipping corridors, it will be critical to find ways to close the significant cost gap between zero-emission fuels and conventional fuels. This report provides an overview of the additional cost of green shipping corridors and identifies existing government funding and financing opportunities for Nordic green shipping corridors to support first movers – including national, Nordic, and EU public funding programmes providing opportunities for grants, loans, and guarantees. Based on this, we provide a high-level assessment of funding and financing opportunity gaps for Nordic green shipping corridors, using the established database.

Delivery

Key facts

Task leader: DNV (Ole Kristian Sollie)

Start date: 2024 Q2

End date: 2025 Q1