A series of green incentives rewarding those actively taking steps to support the transition to a zero-carbon future is currently been finalised and will be launched later this year, the deputy shipping ministry announced on Thursday.
The incentives will take the form of a tonnage tax rebate for vessels demonstrating further reductions of the attained Energy Efficiency Design Index or reductions of the total oil consumption in two consecutive reporting periods.
“A long-term strategy for Cyprus is also under development, with the sustainability of the Cyprus flag, maritime cluster, and the wider shipping industry at its core,” the ministry said.
Continue reading at source: Cyprus Mail
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