Credit: Shutterstock During this week’s intersessional meeting of the IMO Working Group on Reduction of GHG Emissions from Ships (ISWG-GHG 17), discussions about a mid-term market-based measure are ongoing. In this context, the International Association of Ports and Harbors (IAPH) has submitted a document to the IMO, detailing the results of a study it commissioned from Maritime & Transport Business Solutions (MTBS). As explained, developing countries face significant investment gaps in terms of the transition to energy-efficient and climate-resilient port infrastructure. This study, commissioned by the International Association of Ports and Harbors (IAPH), is intended as a comprehensive analysis of these investment gaps, focusing on infrastructure aimed at reducing emissions and bolstering resilience against the impacts of climate change. The global push towards a sustainable future has placed unprecedented pressure on maritime seaport infrastructure, particularly in developing countries. The ports in these countries serve as vital nodes for the international trade network, facilitating the movement of goods and services that drive economic growth; sometimes, they are also the only lifeline for the local economy. However, they are increasingly challenged by the dual imperatives of reducing emissions (mitigating strategies) and enhancing resilience to climate change (adaptation strategies). Related News OPEC World Oil Outlook 2024: Technology impacts energy supply/demand Study finds lowering shipping emissions worsens climate change This study explores the current state of port infrastructure in developing countries, identifies key areas where investments are most needed, and suggests actionable recommendations aimed at bridging these investment gaps. By leveraging datadriven analysis and insights from industry experts, we aim to provide a clear roadmap for the stakeholders, including policymakers, financial institutions, and port authorities, to support the energy transition and climate resilience of maritime seaports. Objectives Provide insight into the size of the climate change issue for ports in developing countries Provide […]