UN Secretary General wants shipping aid to align with climate effort

When countries provide state aid to sectors such as shipping, as has been the case during the coronavirus crisis, they should include a requirement for compliance with the goals set out in the Paris Climate Accord, says UN Secretary General.

Photo: Niels Hougaard/IND

Several shipping companies have during the coronavirus crisis received state aid from their respective governments to survive the ordeal.

But state aid should not be awarded without also requiring commitments, says UN Secretary General António Guterres.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Poseidon Principles set to raise ambitions in coming weeks

The banks in Poseidon Principles are working on the basis of halving CO2 emissions in shipping by 2050. At the same time, some of the same banks are working towards a target of CO2 neutrality by 2050 as part of the Net-Zero Banking Alliance. Before long, Poseidon will reassess its ambition.

Further reading

Related articles

Trial banner

Latest news

See all jobs