Pacific Nations launch $US500m shipping decarbonisation effort

A GROUP of Pacific island nations, including Fiji, Marshall Islands, Samoa, Vanuatu and Solomon Islands hopes to raise US$500 million to help push shipping in the Pacific Ocean to reach zero carbon emissions by 2050.

Pacific Nations launch $US500m shipping decarbonisation effort Pacific Nations launch $US500m shipping decarbonisation effort Pacific Nations launch $US500m shipping decarbonisation effort Pacific Nations launch $US500m shipping decarbonisation effort Pacific Nations launch $US500m shipping decarbonisation effort

Fund to use blue bonds to retrofit ships

 
The Pacific Blue Shipping partnership was announced on Tuesday at the UN Climate Action Summit in New York, and has set emission reduction targets of 40% by 2030 and complete decarbonisation by