‘Tough Targets from Regulators Will Drive Sustainable Investment in New Economy’

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  • ‘Tough Targets from Regulators Will Drive Sustainable Investment in New Economy’

Managing Director of Lagos Deep Offshore Logistic Base (LADOL), Dr. Amy Jadesimi has said the United Nations International Maritime Organisation strategy to reduce the total annual Green House Gas, GHG emissions from international shipping by at least 50 per cent by 2050 could energise the private investors and operators in the maritime sector to immediately begin investing in new sustainable business models.

Jadesimi stated this prior to the meeting of Carbon Pricing Leadership Coalition (CPLC) Third High-Level United Nations Assembly, 2018, in Washington, DC.

The high-level assembly occurred as part of the World Bank Group/International Monetary Fund Spring Meetings and focuses on the opportunities, benefits, and concerns related to carbon pricing.

Carbon pricing can be a way in which international shipping can advance its newly adopted strategy on decarbonisation.

It is on this background that the Global Maritime Forum is represented at the High-Level Assembly by the members of the board, which include: Dr. Amy Jadesimi, of LADOL, and Oivind Lorentzen III, Managing Director and Director and Vice Chairman of Northern Navigation LLC and SEACOR Holdings, Tom Boardley, Executive Vice President and Global Head of Corporate and External Affairs at Lloyd’s Register, a Strategic Partner to the Global Maritime Forum.

Jadesimi, who doubles as Global Maritime Forum’s Vice Chairman and Managing Director and CEO of LADOL, said: “Member states of the United Nations International Maritime Organisation adopted an initial strategy to reduce the total annual GHG emissions from international shipping by at least 50 per cent by 2050.

“This target could energise the private investors and operators in the maritime sector to immediately begin investing in new sustainable business models, assets (from ship yards and ships to ports) and financial solutions including carbon pricing. I therefore urge policy makers to continue setting bold targets and laying out a clear path to zero emissions.”

The Global Maritime Forum is an international not-for-profit foundation dedicated to unleashing the potential of the global maritime industry. It is committed to shaping the future of global seaborne trade to increase sustainable long-term economic development and human wellbeing.

About the Author

Samed Olukoya
Samed Olukoya is the CEO/Founder of investorsking.com, a digital business media, with over 10 years experience as a foreign exchange research analyst and trader.

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