Support is growing for a proposed $5 billion research fund to help decarbonize shipping. The World Shipping Council, one of the proposal’s original non-governmental co-sponsors, reports that Denmark has now joined the effort as a co-sponsor, joining Georgia, Greece, Japan, Liberia, Malta, Nigeria, Palau, Singapore, and Switzerland in backing the plan submitted to the UN’s International Maritime Organization on March 10. The plan proposes the establishment of an International Maritime Research and Development Board (IMRB), an IMO-supervised and industry financed $5 billion program to fast-track research and development of zero-carbon technologies within the global shipping industry. The IMRB would be funded through a “International Maritime Research Fund (IMRF)” of a mandatory $2 per metric of marine fuel consumed by every ship.