The challenge of decarbonisation within the marine insurance industry

Edward Locke and Richard Allingham, at Hill Dickinson, discuss the ongoing challenge of climate change and how it could impact the maritime world

Climate change and the effects of global warming represent a significant challenge for the marine industry and insurers. Decarbonisation refers to the process of reducing carbon dioxide emissions and other greenhouse gas (GHG) emissions output into the atmosphere, with the aim of achieving a low-carbon or net-zero carbon economy. Decarbonisation is seen as critical for mitigating the impact of climate change and has become a global priority to which the marine industry can contribute in a significant way.