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NEWS: Up to $400 billion of shipping debt represents unassessed climate risk exposure at major investment banks

By CWR February 26, 2017
Today, Carbon War Room (CWR) and UMAS released research that suggests climate transition pathways pose risks to the banks that hold $400 billion of global shipping debt. With the onset of climate policies as soon as 2023, there will be a need for significant capital investment to keep vessels competitive. Navigating Decarbonisation: An approach to evaluate shipping’s risks and opportunities associated with climate change mitigation policy lays out the first approach to climate stress-testing of shipping assets and proposes that enhanced due-diligence undertaken today by financiers, shipowners and shareholders can help deliver long-term value and avoid losses by the mid-2020s. Read More.
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Carbon War Room in association with Elsevier Biofuel TechSelect Go to the Carbon War Room website