Based in our Oxford office, she provides practical and actionable insights for market participants looking to understand the potential and growing impact of ESG regulations and norms on their business operations, financial position and reputational standing.
Topics: ESG, Two Minutes With
In the latest edition of Bunkerspot magazine our Head of ESG Desk, Clare-Marie Dobing, suggests market players are executing ESG strategies at two speeds. While typically larger and well-resourced counterparties will have the capability to drive a broad-based agenda forward, the large number of small to mid-scale businesses will need clarity in complexity, to deliver positive ESG returns incrementally, consistently and cautiously.
The Declaration agreed to establish “at least six green corridors”, defined as zero-emission routes between two or more ports, by 2025, with “many more” to be in operation by 2030. The aim of these corridors is to hasten the use of zero-emissions vessels (as opposed to “net zero” vessels) in deep-sea trades, and accelerate the development of the associated infrastructure, and implementation of required regulations. While it is still early days, with details of these green corridors still to be mutually agreed in coming months (if not years), the Declaration foresees bringing together national governments, non-governmental organisations, and private sector participants, including fuel producers, vessel operators, and cargo owners, in a voluntary and collaborative approach. For the time being, these corridors are not expected to be exclusive, with conventionally-fueled ships allowed to continue operations on these routes alongside zero-emissions vessels. Signatories to the pact include Australia, Canada, Germany, Japan, Morocco, New Zealand, France, Netherlands, Germany, Finland, Denmark, the UK and US; China and India are notably absent.
Topics: ESG
