The International Association of Ports and Harbors (IAPH) has submitted a report to the International Maritime Organization (IMO) detailing the findings of a study commissioned from Maritime & Transport Business Solutions (MTBS). The study highlights the significant investment gaps faced by developing countries in transitioning to energy-efficient and climate-resilient port infrastructure.
Investment Gaps in Developing Countries
As outlined in the report, developing countries are struggling to secure the necessary investments to modernize their port infrastructure. The study provides a comprehensive analysis of these gaps, with a focus on infrastructure projects aimed at reducing emissions and improving resilience against the growing impacts of climate change.
Sustainable Maritime Infrastructure Challenges
The global shift towards sustainability has created immense pressure on maritime ports, especially in developing nations. These ports play a crucial role in global trade, acting as key hubs that support economic growth by facilitating the movement of goods and services. For many local economies, these ports are vital lifelines, but they are now tasked with managing both emission reduction (mitigation) strategies and the need to enhance their ability to withstand climate-related threats (adaptation).
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Source: IAPH
