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Banks could push shipping toward climate targets

International shipping banks could play a major part in driving shipping to contribute to the global CO2 reduction efforts. This could be done by including the climate in considerations before granting loans, note organizations and banks.

Photo: /ritzau/Marius Nyheim

Cold hard cash and global warming should go together in the shipping sector.

At least according to NGO Carbon War Room, which along with NGO Carbon Pricing Leadership Coalition and a series of banks have discussed a new report about how shipping banks can play a part in the shipping sector's efforts to reduce CO2 emissions.

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