Evergreen marine Singapore container ship Ever Dainty arrives at the port of Mombasa through the Kilindini habour on January 20, 2019. PHOTO | WACHIRA MWANGI | NMG
The global shipping industry requires more than $1 trillion in investments to implement the International Maritime Organisation (IMO) Paris Agreement on climate change.
According to a study conducted by University Maritime advisory Services (UMAS) and the Energy Transition Commission (ETC, for the sector to implement the climate change strategy, with a vision to decarbonise shipping within this century, annual average investments needed would be $40 to $60 billion over the next two decades.
