IMFUND

IMFUND proposal, by Andre Stochniol, Pitch-to-rich 2015; Simple and innovative financing mechanism to raise $1bn for sustainable growth and development by mobilising the international shipping industrySimple and innovative financing mechanism to raise $1bn for sustainable growth and development by mobilising the international shipping industry

Climate change can no longer be ignored. Please Vote for the proposal at Pitch-to-Rich. From Monday,18th May, 9 am GMT until 4pm GMT on Wednesday 20th May 2015.

Container ships transport over 100 million containers and more than US$ 4 trillion worth of goods annually. International shipping is so large that its carbon emissions are double that of aviation. As it operates globally, outside of national borders, reducing its growing emissions is hard. Today, the world’s 190 governments cannot agree how to reduce emissions from international shipping; nor can they agree on additional sources of climate finance badly needed for the poorest countries. We are in a political deadlock.

The plan is to activate industry action without needing a political treaty. Working with the 20 liner shipping companies that represent 90% of global container vessel capacity, Dr Andre Stochniol wants to establish a transparent International Maritime Fund (IMFUND).


With a contribution of only $10 per container, more than $1bn could be raised annually. Part of this would be channelled to efficiency breakthroughs in shipping, which would save money for the shipping companies, and deliver significant climate benefits. The other part would be invested in climate change adaptation projects in some of the poorest countries of the world, improving the lives of millions of people.

Vote to unlock the deadlock in negotiations on international shipping and climate change Vote for the Paradigm Shift: Liner Sector Global Action

The IMFUND proposal has been entered into the Pitch to Rich competition for innovative business ideas organised by Mr Richard Branson. Reaching the next stages of the competition would increase the visibility of the climate change challenge and global action needed. Winning the competition would bring the financing and advisory support required to formally propose the IMFUND mechanism at the Paris Climate Change Conference 2015 (COP21), and operationalise it in 2016.

Andre sees climate change as one of the greatest challenges of our time. For the last 8 years, he has dedicated himself to working tirelessly as part of the multilateral process to develop a global solution to climate impacts of international shipping and aviation. He has seen firsthand, the political and logistical obstacles in the process of reaching an agreement, and later ratifying it, by the world’s governments. He is convinced that only an industry led solution has the chance for much needed and comprehensive action on climate impacts of international shipping and would like your vote to prove that it is possible.

Vote to enable the IMFUND Roadmap to COP 21, in Paris

The proposal needs Your Vote. Please Vote for it at Pitch-to-Rich.


From Monday,18th May, 9 am GMT until 4pm GMT on Wednesday 20th May 2015.


For more details please watch the video above or read the Q&A below.

Vote for the IMFUND proposal, by Andre Stochniol

Thank You!