The uncounted cost of shipping’s environmental impact

Read the full story in GreenBiz.

Single industries easily can seem negligible when examined within the global scale of the Paris Agreement. This is particularly the case for international shipping because it is very much an industry that’s out of sight, a phenomenon known as “sea blindness.”

Despite emissions exceeding those of Germany, the industry remains outside any international agreement to limit its emissions. While policy is ultimately necessary, key actions should be taken by banks to begin steering the industry towards even preparing for decarbonization.

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