Shipping must deliver “transformational” cuts to carbon pollution from burning fossil fuels if climate change is to be controlled, according to a senior shipping banker.
Abhishek Pandey said current targets embodied in the International Maritime Organization policy to cut emissions by 50% in 2050 compared with 2008 were “just not enough”.
The global head of shipping finance at Standard Chartered said major shipowners and operators need to use their financial power to show leadership to the whole market by stepping up their ambition to decarbonise.
