EIB, ADB, WB to provide $27 bn for green energy

The Asian Development Bank (ADB) has recently conveyed their intent to provide $20–$25 billion over five years to aid India’s aspirations for green growth.

WB suggests carbon tax for shipping

A new 58-page report from the bank suggests a carbon tax in shipping alone could raise $40bn to $60bn each year between 2025 and 2050, money which could be used to speed the decarbonisation of the shipping industry as well as boosting port infrastructure, especially in developing countries.

Campaign opposing LNG as fuel for shipping launches

Say No To LNG, a global shipping campaign has launched with its backers saying they aim to debunk the “myth” that LNG is a climate friendly marine fuel alternative. LNG remains the number one alternative fuel chosen by owners when ordering newbuilds, with the number of LNG-fuelled ships soaring in recent years. Detractors of the