climate policy economic impact shipping
How Shipping Faced $5B Loss From Climate Resilience Delays
Shipping lost $5 billion in 2023 alone because climate-resilience policy delays stalled needed upgrades. Those delays kept older, high-sulphur vessels in service and postponed investments in flood-proof port infrastructure. The cumulative effect rippled through freight rates, insurer premiums, and global supply chains. Climate Policy Economic Impact on Shipping I have