The rapid uptake of alternative fuels in shipping is outpacing international liability regimes – leaving gaps in protection against spills and accidents.
Clean energy investments in developing countries are slowed by an outdated banking rulebook from the 2008 financial crisis. At New York Climate Week, leaders should rethink the Basel Framework and its impacts on finance flows.
Pursuing a sustainable blue economy requires striking a delicate balance between using the ocean’s resources and respecting its natural limits, especially amid the escalating climate crisis.