- A group of leading banks signed up to environmental commitments known as the “Poseidon Principles”.
- Global shipping accounts for 2.2% of the world’s CO2 emissions and the industry is under pressure to reduce those emissions and other pollution.
- Recent study, at least $1 trillion of investment would be needed to enable the shipping industry to meet the IMO’s 2050 targets.
- The 17 lenders involved represent at least $140 billion of the total global shipping finance portfolio.
More hands join the...
http://mfame.guru/more-lenders-back-initiative-to-factor-co2-cuts-into-shipping-finance/