Poseidon Principles Use Ship Finance To Reduce Emissions

The Poseidon Principles are the first global climate alignment agreement between financial institutions and the shipping industry.
Aim is to cut greenhouse gas (GHG) emissions in shipping by at least 50% by 2050 compared with 2008 levels.
Banks have invested over USD 400 billion in over 70,000 commercial ships that are currently on the oceans.
Poseidon Principles enables lenders and banks to continue to approach shipping competitively, while working collaboratively to promote environmental...