Banks divided over climate ambition as Paris goals are postponed
Resistance from sceptical banks worried about the impact on their portfolios could result in a two-tier climate trajectory among shipping lenders
The Poseidon Principles were supposed to foster agreement about the subject of IMO emission targets. However, alignment to the 1.5°C Paris targets has quietly been shelved after a vocal minority of signatories pushed back against the potential cost and risks associated with this plan
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