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Green Transformation of Shipping: From Idea to Practice

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Green Transformation of Shipping: From Idea to Practice

The Cyprus University of Technology (TEPAK), the Cyprus Energy Office and Chrysalis LEAP, for the last two years in cooperation with the Cypriot shipping industry, as well as with a group of port authorities and other bodies from Valencia (Spain), Piraeus (Greece) and Turku (Finland), are working towards the adoption of an ambitious roadmap, which will contribute to the strategy adopted by the International Maritime Organization, which is to reduce greenhouse gas emissions by 50% (based on 2008 levels). The whole effort is funded by EIT Climate-KIC, the EU's leading climate innovation initiative, through the Net-Zero Emission Resilient Maritime Hubs project.

This action gave the opportunity to the team of the Sustainable Energy Laboratory of TEPAK, together with the other partners (Cyprus Energy Office, Chrysalis LEAP, Fundacion Valenciaport, Universitat Politecnica de Valencia, Digital Hub Logistics Research Hamburg, ATH UNIFUND), to successfully submit a proposal to the European Institute of Innovation and Technology on the financing and implementation of a global maritime accelerator.

This accelerator will receive annual funding of approximately € 1.2 million from European and National resources and from private companies for the period 2021-2023. The ultimate goal is to create a world-class maritime accelerator, which will support and develop 30 – 40 start – ups per year, and which will provide solutions to the challenges of getting rid of carbon emissions, not only locally, but in global level.

Through this accelerator, participating teams will receive free training and guidance and funding from € 5,000 to € 500,000 (depending on team stage) from EIT Climate-KIC and program partners, and will be given the opportunity to present their ideas in front of investors in Cyprus, Israel and America, but also in front of the largest shipping companies in the world, which support this initiative.

“The operation of a maritime accelerator in Cyprus is another stepping stone to our vision to make Cyprus a global center of green growth and innovation,” said Associate Professor Alexandros Charalambidis and President of the Department of Chemical Engineering at TEPAK. .

For more information, you can visit the website www.energylab.ac.cy or contact the Associate Professor Alexandros Charalambidis, 25-002306 or at a.charalambides@cut.ac.cy.

Source: www.philenews.com

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