Shipping and ports are significant sources of Greenhouse gas (GHG) emissions and air pollution, emitting as much CO2 as Germany. Its impacts are global, with air pollution from ships contributing to an estimated 250,000 premature deaths and 6.4 million cases of childhood asthma worldwide each year according to the Ocean Conservancy. While the industry has committed to reducing its environmental impact, progress towards a 1.5°C scenario by 2050 has been slow due to various barriers.
A blended-finance solution can help overcome these barriers, provided it is structured to address key stakeholders’ interests and concerns. In this context, we are working with the Catalytic Finance Foundation in leading the design and structuring of a Port Decarbonization funding solution.
We have created a library of case studies that show successful efforts to decarbonize the worlds ports.
Library – coming soon!