Tuesday, June 18, 2019

Shipping load decisions in Bank will include CO2 emission measures

Shipping load decisions in Bank will include CO2 emission measures

International shipping accounts for 2.2% of global carbon dioxide (CO2) emissions and the U.N.’s International Maritime Organization (IMO), has a long-term goal to cut greenhouse gas emissions by 50% from 2008 levels by 2050. Banks will for the first time include efforts to cut carbon dioxide emissions in their decision making when providing shipping company loans.

Source: https://www.reuters.com/article/us-shipping-environment-banks/banks-to-include-co2-emission-measures-in-shipping-loan-decisions-idUSKCN1TI2W4