EBRD/IMO - Advancing Global Maritime Decarbonsiation Through Financing Sustainable Maritime Transport

Overview
Project Summary Document

TCRS 23497

Status TC Com approved

Location

Regional

Industry Sector

Transport

Notice Type

State

PSD Disclosed

14 Jul 2026

Project Description

Enquiries

Business opportunities

For business opportunities or procurement, contact the client company.

For business opportunities with EBRD (not related to procurement) contact:

Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

For state-sector projects, visit EBRD Procurement:

Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

Specific enquiries can be made using the EBRD Enquiries form.

TCRS 23497

Status TC Com approved

Location

Regional

Industry Sector

Transport

Notice Type

State

PSD Disclosed

14 Jul 2026

Project Description

International shipping accounts for approximately one billion tons of GHG emissions annually, representing nearly three percent of global emissions. If left unaddressed, these emissions are projected to increase significantly by 2050, posing a serious threat to global climate goals. However, the sector is uniquely positioned to lead a global transition to net-zero emissions, thanks to its international regulatory framework under the International Maritime Organization (IMO). In 2023, IMO member states adopted a revised GHG strategy (the 2023 IMO GHG Strategy), committing to net-zero emissions by around 2050 and mandating that at least five percent of ship energy use comes from zero or near-zero emission sources by 2030. In the 2023 GHG Strategy, IMO member states also agreed to develop and finalize a basket of measures comprising both 1) a technical element, namely a goal-based marine fuel standard regulating the phased reduction of the marine fuel’s GHG intensity; and 2) an economic element, based on a maritime GHG emissions pricing mechanism.

Maritime decarbonization is stalled by barriers in capacity, collaboration, and financing. Despite the sector’s potential to drive global climate action and unlock socio-economic opportunities, large-scale investment into maritime decarbonization remains hindered by four interrelated and persistent barriers: limited capacity, fragmented collaboration, the absence of scalable financing solutions and a lack of a project pipeline.

The Global Environment Facility (GEF) has approved USD 5 million for the IMO, EBRD and World Bank to scale the existing FIN-SMART platform. FIN-SMART, a partnership between IMO, EBRD and World Bank, has since 2019 fostered regular dialogue among key maritime stakeholders on addressing the financing dimension of net-zero shipping transition.

The objective of this project is to sustainably address these barriers by enhancing capacity, fostering cross-sectoral collaboration, and developing scalable financing solutions. This will be achieved through a combination of global and country-level interventions.

The project will partly build on the existing “Financing Sustainable Maritime Transport” (FIN-SMART) platform, jointly led by the EBRD, IMO and the World Bank, with active participation from policymakers, maritime industry and other MDBs. FIN-SMART roundtables discussions and technical analyses will be conducted, whilst aiming to strengthen this platform to go beyond roundtable format and help address the above-mentioned challenges.

Procurement Enquiries

Any competitive selections for business opportunities relating to this project will be published on the EBRD's website: Consultancy Procurement Opportunities.

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Access to Information Policy (AIP)

The AIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations following its entry into force on 1 January 2025. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.

Specific requests for information can be made using the Information Request form.

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy 2024 or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism page to find out more about IPAM and its mandate; how to submit a Request for review; or contact IPAM via email ipam@ebrd.com to get guidance and more information on IPAM and how to submit a request.

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EBRD/IMO - Advancing Global Maritime Decarbonsiation Through Financing Sustainable Maritime Transport

Project Description

Enquiries

Business opportunities

General enquiries

Project Description

Procurement Enquiries

General enquiries

Access to Information Policy (AIP)

Independent Project Accountability Mechanism (IPAM)