How to curb CO2 emission in shipping industry?
25th Oct 2009 by Richard Gunawan
The international maritime transport community expects the annual volume of green-house gasses (GHG) emitted by commercial shipping to grow 55% to 1,345 metric tonnes (Mt) by 2020. In 2007, global shipping’s GHG emissions reached 870 Mt — or roughly equivalent to Germany’s production over the same period – but that figure is expected to quadruple [...]
Companies that fail to disclose their ESG performance will find it more difficult to obtain funds from institutional investors. Several pension funds, for example, consider climate change a key criterion and will exclude companies that cannot substantiate their environmental commitments.