Considerations for the latin american and caribbean region in light of the global move towards low carbon shipping

Abstract

The developed world has made firm steps towards mitigating the impact of shipping to climate change through both national and regional actions. The European Union has been leading the charge, making billions of dollars available for climate action and supporting initiatives within various international organizations, within the framework of the United Nations, such as the International Maritime Organization, United Nations Development Programme and the United National Economic Commission for Latin America and the Caribbean. While climate change mitigation, adaption, and resilience are complex issues affecting countries and regions in different ways, this chapter will highlight some realities and developments on climate action in the international maritime industry that will impact the economies of the Latin American and Caribbean region. The region must pay attention to these developments in order to capitalize on opportunities for capacity building, knowledge transfer, to successfully overcome well documented barriers to the implementation and adoption of maritime technological advances related to mitigating climate change.