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Marine insurance sector urged to collaborate with shipowners for maritime sustainability

February 23, 2024

In a joint effort to address the pressing issue of maritime sustainability, marine insurance experts are calling for closer collaboration with shipowners to develop decarbonisation strategies.

A white paper, co-authored by underwriting firm Atrium and Bayes Business School (formerly Cass), City, University of London, emphasises the critical role insurers can play in facilitating the transition to greener practices within the shipping industry.

Highlighting the urgency of the matter, the paper underscores that while the shipping sector currently contributes about 3% of global greenhouse gas emissions (GHGs), this figure could soar to as high as 13% in the near future.

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