Environmental Defense Fund reposted this
The shipping sector’s race to net zero is on, driven by ambitious #GHG emissions reduction targets! ⚓📉 But the transition to green shipping will require capital investments: Fleet transition could cost $8bn to $28bn per year, with new fuel infrastructure costing an additional $28 bn to $90 bn. European banks, as leading financiers of the maritime industry, have a pivotal role to play in facilitating this transition by accelerating funding for green shipping initiatives. Understanding the key barriers to shipping transition finance is critical to overcoming them with our NEW report. We explore these challenges and how to address them, such as: ✅ Availability of clean fuels. ✅ Alignment with banks’ green finance ambitions. ✅ Financing costs for green vessels. See the full report: https://lnkd.in/euae8W8p 🔎 Bonus Opportunity: Join us for this Thursday, 27 June at 1600 CEST for a free #LCAW2024 webinar on financing shipping’s green transition! Speakers will provide insights from the paper: https://lnkd.in/dEZXRiHa
