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Poseidon Principles for Marine Insurance winds up amid net zero lull

  • Insurance arm to be folded into Poseidon Principles for banks, with five insurers joining as associate members of the 19 original insurers at the PPMI’s launch
  • Voluntary green initiatives have suffered with IMO green regulation delay

The Poseidon Principles for Marine Insurance has closed its doors amid stalling momentum on decarbonisation. But insurers can still join as ‘associate members’ of the main banking initiative, says Global Maritime Forum

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