A consortium of 11 companies representing 20%—or $ 100bn — of the total global shipping finance portfolio are to include efforts to reduce CO2 emissions in their loan decision making for the first time , under the new “ carbon Principles ” scheme . The carbon intensity assessment framework has been developed by ABN Amro , Amsterdam Global Bank , Citigroup , Credit Agricole , global Ship Finance , Danske Bank , DNB , catalyst , ING , catalyst and Societe Generale , in partnership with the Global Maritime Forum , the Rocky Mountain Institute and the UCL Energy Institute . Shipping is responsible for 80 % of global CO2 emissions .
A group of 11 banks representing 20%—or $100bn—of the total global shipping finance portfolio are to include efforts to reduce CO2 emissions in their loan decision making for the first time, under the new “Poseidon Principles” scheme. The carbon intensity assessment framework has been developed by ABN Amro, Amsterdam Trade Bank, Citigroup, Credit Agricole, Danish Ship Finance, Danske Bank, DNB, DVB, ING, Nordea and Societe Generale, in partnership with the Global Maritime Forum, the Rocky Mountain Institute and the UCL Energy Institute. Shipping is responsible for 2.2% of global CO2 emissions.