NGO: Why shipping investors must get involved in climate issues

With billions of US dollars lent to the shipping sector, financial institutions play a central role in the work to lower the industry's CO2 emissions. "We're in the middle of a paradigm shift," says James Mitchell, Maritime Finance Lead at the NGO Carbon War Room, in an interview with ShippingWatch.
Photo: /ritzau/Marius Nyheim
Photo: /ritzau/Marius Nyheim

Just a few years ago, the climate was probably one of the last things to be discussed when banks and carriers met to discuss loan terms and the funding of vessels. But change is underway, not least with the increasing pressure on the shipping industry to deliver on the issue of CO2 ­  which will be the subject of a key meeting in the UN's International Maritime Organization (IMO) in April.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
Must contain at least 6 characters
Must contain at least 2 characters
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Share article

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Further reading