The Lloyd’s List Podcast: The cost of zero-carbon shipping
Keep up to date with all the latest news and analysis from London International Shipping Week with the help of this special daily Lloyd’s List Podcast
How do we fund zero-carbon shipping and accelerate it beyond the current IMO targets? Double freight rates and use the IMO seems to be the message from today’s panel. Joining us on today’s edition from around London International Shipping Week we have a stellar panel of experts: businessman, academic and former chairman of the UK Financial Services Authority, Lord Adair Turner; Director of the Environmental Defense Fund (and former podcast guest) Baroness Bryony Worthington; and Grimaldi Group managing director Emanuele Grimaldi
WHEN the businessman, academic and former chairman of the UK Financial Services Authority Lord Adair Turner told the International Chamber of Shipping Conference on Wednesday that shipping should expect a doubling of freight rates to fund zero carbon emissions and accelerate progress well beyond current IMO targets, there were a few audible gasps from the audience.
Coming directly after a harrowing lecture on climate science brimming with figures to chill the blood of even hardened climate change sceptics it was a rough morning for the assembled ranks of London International Shipping Week.
Not wishing the rest of the Lloyd’s List family to miss out on the experience we pulled together a senior panel of experts for this edition of the podcast to break the news to you gently. Joining Lord Turner in discussing just how shipping funds this difficult transition you can hear the Europe director of the Environmental Defense Fund (and former podcast guest) Baroness Bryony Worthington and Grimaldi Group managing director Emanuele Grimaldi chiming in on the need for quick collective action and innovation.
Keep up to speed on all the latest news and views from London International Shipping Week here.
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