Green ship finance now accounts for 10% of market and growing
While the trend towards green ship finance is still clearly led by European financiers, Japanese banks are now getting involved, and lenders from other Asian countries are expected follow
There are no current obligation on banks to provide a minimum percentage of green or sustainable finance, but national governments and the EU may be looking to incentives such as reduced capital charges for lenders hitting targets and greater Export Credit Agency support for domestic yards building new ecoships, says law firm
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