Independent journal on economy and transport policy
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Only three out of 15 financial portfolios in the shipping sector are in line with the IMO's climate targets
The first report of the Poseidon Principles has been published
December 17, 2020
The report points out that the IMO's fourth gas study published last July, which reports the latest estimates on the carbon emissions of the world fleet, highlights that the emissions from international maritime transport have increased by +1.7% from 921 million tonnes in 2008 to 937 million tonnes tonnes in 2018. However, comparing emissions with the volume of maritime transport carried out each year, the study highlights that the carbon intensity of maritime transport has seen an improvement both as a whole and in the than most types of ships: the average carbon intensity of maritime transport international level, in fact, fell to 22% compared to 32% in 2019. 2008. This means that international shipping is more than halfway through reaching reduction target of 40% by 2030 compared to the levels set by the IMO in 2008. However, the document points out that the rate of reduction of the carbon intensity of the shipping was not constant, but that more than half decline was achieved between 2008 and 2012, while the rate of reduction in carbon intensity showed a slowdown from 2015.
The first assessment of the Poseidon Principles shows that the increase in the average size of ships has played a key role in essential in reducing carbon intensity in all types of ships compared to 2008 levels, including if this trend was less pronounced than in levels of 2012 with the exception of container ships and gas ships that have seen an increase in the size of the naval units.
Currently the Poseidon Principles have been adopted by twenty financial institutions that collectively support the sector with funds of more than $150 billion, equal to more than a third of the total financial portfolio of the shipping industry.
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The report points out that the IMO's fourth gas study published last July, which reports the latest estimates on the carbon emissions of the world fleet, highlights that the emissions from international maritime transport have increased by +1.7% from 921 million tonnes in 2008 to 937 million tonnes tonnes in 2018. However, comparing emissions with the volume of maritime transport carried out each year, the study highlights that the carbon intensity of maritime transport has seen an improvement both as a whole and in the than most types of ships: the average carbon intensity of maritime transport international level, in fact, fell to 22% compared to 32% in 2019. 2008. This means that international shipping is more than halfway through reaching reduction target of 40% by 2030 compared to the levels set by the IMO in 2008. However, the document points out that the rate of reduction of the carbon intensity of the shipping was not constant, but that more than half decline was achieved between 2008 and 2012, while the rate of reduction in carbon intensity showed a slowdown from 2015.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
