Ship finance green finance bulletin
Despite stiff competition from Brexit, LIBOR transition and COVID-19, climate change remains a topic never far away from the news headlines. There is a common acceptance that whilst significant steps forward have been taken in recent years to mitigate the speed and extent of climate change, efforts in this regard need to be significantly accelerated. This is an issue which affects everybody and every industry and there is a very clear need for a unified and cooperative approach in order to address the problem.
The transition to a green economy will play a very important role in this process. Green projects and energy efficient practices often require significant initial (and on-going) expenditure and so the support of lenders is vital. This publication explores the approaches being taken by the ship finance industry in making this transition and sets out views on future steps needed in order to promote even further growth in the green ship finance sector.
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