Banks holding $400bn worth of shipping debt have been warned to “future-proof investments” ahead of the onset of decarbonisation policies by the middle of the next decade.
Research by the Carbon War Room says significant investments will be needed to ensure vessels are competitive when new climate policies are introduced as soon as 2023.
James Mitchell, senior associate for shipping at the Carbon War Room, tells TradeWinds the report has been published after an 18-month study into climate risk facing the industry.
“The
