Green financing in shipping industry

Abstract

In this project is being investigated the role and the importance of green financing in shipping industry. First of all, climate change is being defined, causes, consequences and the way of people contributing to climate change is being presented, and Paris Agreement as well. This way, the importance of climate change is being proved. Furthermore, emissions coming from shipping industry are being presented proving how is shipping industry contributing to climate change. Later on, the International Maritime Organization’s Greenhouse Gas Strategy is being presented, such as prospects of Zero- Carbon Bunker Fuels for Decarbonizing Shipping Industry. Also, Thetis Monitoring Reporting Verification (MRV) and IMO Data Collection System (DCS) are described, as a helpful way in controlling emissions is shipping industry. What is more, sustainable development is being defined and 2030 Agenda for Sustainable Development is presented. Later on, the International’s Maritime Organization’s contribution in this effort is being presented for each sustainable development goal (SDG). Moreover, some regulations and conventions which aim in greening shipping industry are being presented (MARPOL, IMO 2020, BWM, AFS). Also, green financing is being defined and the market mechanism of green finance is being described proving the connection between green financing and greening efforts. Also, are being defined green loans, green bonds, and the economic performance of these in period 2013-2019 is being performed. What is more, types of green financial products are describes, as well as European Green Deal by 2050, given some sources of green financing. Also, literature referred to green financing in shipping industry up to now is being reviewed. Moreover, a study case in Hapag Lloyd is being done, given reasons why Hapag Lloyd is being chosen, given ways of Hapag Lloyd’s contributing to sustainability effort and green bonds and loans of this company are being presented. For whoever is more interested, there is information for other green loans and green bonds in shipping industry (in Appendixes 1 and 2).

There has been lack in some information about these exchanges. A propose for further investigation could be the investigation of green financing in ports.

What gives value in this project is the updated data and the updated literature in this challenge named “green financing in shipping industry”.