A press release by French carrier CMA CGM announced its intention to invest a large amount of money towards its efforts to decarbonise its maritime business. The carrier launched a call for projects targeted at startups and businesses offering decarbonisation solutions within all areas of the French shipping industry, according to the press release. This €200 million investment will be covered by the carrier's Fund for Energies. This unprecedented call for projects will cover several areas, including shipping, renewable energies, infrastructure and cruising. CMA CGM highlighted that the project selection process will be based on "their concrete impact on the decarbonizing of the French shipping industry, the maturity of the projects and the economic feasibility." The company is inviting proposals for "all companies operating in the maritime industry in mainland France and the French overseas territories."