HOW GREATER SUPPORT FROM ASIAN FUNDING SOURCES COULD BE THE CRUCIAL FACTOR TO THE SUCCESS OF THE POSEIDON PRINCIPLES

摘要

Launched in June 2019 by the Global Maritime Forum (GMF), the Poseidon Principles (the "Principles") are the first global, sector-wide, self-governing climate alignment principles among financial institutions. They redefine the role of financial institutions in the maritime shipping sector and lay a clear path for the financial sector to make new and significant contributions to global decarbonisation. Under the agreement, the 11 founding signatories have pledged to inform all their future lending decisions in light of environmental factors and the reduction of shipping emissions.