Confronting Climate Change

Taking the ocean into account is critical for successfully addressing climate change, and addressing climate change is critical for the future of the ocean.

Action Plan for Blue-Green Shipping Investment in the Pacific 

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The Paris Agreement envisions a future that is free from carbon pollution and resilient to the effects of climate change. With diminishing time to address the climate challenge, it is a critical moment for countries to come forward with more ambitious climate goals and for nonstate leaders to work toward decarbonization by midcentury.

Decarbonization of shipping and ports is a key element of an overall climate strategy. Domestic and international shipping accounts for approximately 3% of global emissions, roughly equivalent to the emissions of a G7 country. Without widespread adoption of technology advances in low- or zero-carbon fuels, emissions from shipping could continue to grow dramatically by 2050.

This Action Plan from Ocean Conservancy and Bank of the West considers the current characteristics of the Pacific shipping sector and derives principles for the investment community to support a blue-green shipping sector in the region. These principles fall into four pillars: financing the next generation of clean shipping; developing near-port renewable resources; developing climate-ready ports; and fostering connectivity.

Read the Action Plan for Blue-Green Shipping Investment in the Pacific.

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