RMI Outlet
Shipping
Sustainable Ship Loans Set Sail
We cannot overstate how crucial oceans are to sustaining human life. They produce over half of the world's oxygen and absorb 50 times more carbon dioxide than our atmosphere. The maritime shipping sector, however, generates around 2.5 percent of global greenhouse gas emissions, and climate change is causing ocean acidification, killing coral reefs, and lowering ocean oxygen levels. Decarbonizing shipping is deeply linked to preserving our oceans.
How China Can Achieve Carbon-Neutral Transport by 2060
Since 2015, China has been actively implementing its commitment to peak carbon emissions by 2030 in line with its nationally determined contribution under the Paris Agreement. And the recently announced 2060 carbon neutrality goal has set higher requirements for different sectors in terms of carbon reduction approaches. RMI estimates that…
A Year at Sea: The Poseidon Principles and the Possibilities of Sectoral Decarbonization
It’s the moment climate finance professionals live for: when an idea—an initiative—is turned into real world action by real world actors. A year after the Poseidon Principles were signed, 15 banking signatories have today disclosed their ship loan portfolios’ climate alignment scores for 2019. The release of the inaugural Poseidon Principles Climate Alignment Report allows us to reflect on the progress the…
The Poseidon Principles: A Groundbreaking New Formula for Navigating Decarbonization
For the past 18 months, Rocky Mountain Institute (RMI) has worked behind closed doors with an unprecedented coalition to establish the Poseidon Principles. Today, June 18, 2019, the Principles become public as 11 banks representing approximately $100 billion become the founding signatories of the agreement. The…