The maritime industry is the world’s largest contributor to trade, yet is also responsible for approx. 3% of global greenhouse gas emissions. The sector faces mounting pressure from governments, investors, and environmental NGOs to reduce its carbon footprint and adopt more sustainable practices. This becomes even more relevant as maritime trade volumes could triple by 2050. New stringent regulations by the IMO and the European Union play a key role in driving sustainability by setting global emissions reduction targets. But while these frameworks have encouraged action, challenges remain—very particularly in developing nations, such as many in Latin America and the Caribbean (LAC)—where outdated infrastructure, limited access to capital, and increasing climate-related risks, hinder progress.
This white paper by Tania Miranda, EC2 Director and Soffía Alarcón, IOA non-resident fellow, explores financing solutions for shipping decarbonization, particularly on the port side, focusing on innovative instruments such as green bonds, sustainability-linked loans, and other sustainable finance mechanisms. It also highlights the importance of partnerships among governments, development banks, and private financial institutions to address funding gaps. Sustainable finance can be a transformative tool to help the industry balance economic growth with environmental stewardship and accountability. With strategic investments and partnerships, the LAC region can lead the transition towards a sustainable, climate-ready shipping sector.
What you will find in the report
- The Future of Sustainable Shipping Finance
- Decarbonization & Green Port Investments
- Regulatory Challenges & Opportunities for Maritime Sustainability
- Public-Private Partnerships Driving Net-Zero Shipping
- Key Funding Mechanisms: Green Bonds & Sustainability-Linked Loans
Key Questions
- How to finance sustainable shipping?
- Best investment strategies for green ports
- The role of development banks in maritime sustainability
- Decarbonization incentives for shipping companies