UN emission target will stimulate maritime sector investments - LADOL boss

As the countdown to the United Nations International Maritime Organization strategy to reduce the total annual Green House Gas emissions from international shipping begins, the Managing Director of Lagos Deep Offshore Logistic Base, LADOL, Dr. Amy Jadesimi has said that the strategy could energize the private investors and operators in the maritime sector.

Amy who stated this prior to the meeting of Carbon Pricing Leadership Coalition, CPLC Third High-Level United Nations Assembly 2018 in Washington, DC said the reduction of the emission by at least 50% by 2050 would encourage investment in new sustainable business models.

The High-Level Assembly takes place as part of the World Bank Group/International Monetary Fund Spring Meetings, and focuses on the opportunities, benefits, and concerns related to carbon pricing.
Carbon pricing can be a way in which international shipping can advance its newly adopted strategy on de-carbonization.
It is on this background that the Global Maritime Forum is represented at the High-Level Assembly by the members of the board, Amy Jadesimi, Managing Director and CEO of LADOL, and Oivind Lorentzen III, Managing Director and Director and Vice Chairman of Northern Navigation LLC and SEACOR Holdings, and also by Tom Boardley, Executive Vice President and Global Head of Corporate and External Affairs at Lloyd’s Register, a Strategic Partner to the Global Maritime Forum.

Amy who doubles as Global Maritime Forum’s Vice Chairman and Managing Director and CEO of LADOL, said, “Last week, member states of the United Nations International Maritime Organization adopted an initial strategy to reduce the total annual GHG emissions from international shipping by at least 50% by 2050.”

“This target could energize the private investors and operators in the maritime sector to immediately begin investing in new sustainable business models, assets (from ship yards and ships to ports) and financial solutions including carbon pricing. I therefore urge policy makers to continue setting bold targets and laying out a clear path to zero emissions.”
The Global Maritime Forum is an international not-for-profit foundation dedicated to unleashing the potential of the global maritime industry. It is committed to shaping the future of global seaborne trade to increase sustainable long-term economic development and human well-being