WFW on sustainability-focussed US$25m dry bulk carrier financing
The transaction involved drafting of a margin adjustment mechanism based on carbon intensity rating as an incentive for the owners to reduce the carriers’ carbon emissions.
The transaction involved drafting of a margin adjustment mechanism based on carbon intensity rating as an incentive for the owners to reduce the carriers’ carbon emissions.
As the reduction in carbon emissions becomes an increasing international priority, managing emissions in the maritime sector is particularly under the spotlight. This article explains how the EU emissions trading scheme is expected to apply to the shipping industry, the current status of the UK emissions trading scheme and the legal and commercial issues that may arise.