C40 Cities, a worldwide network of major cities’ mayors working to tackle the climate crisis and halve greenhouse gas (GHG) emissions by 2030, has unpacked a global port sustainability-linked loan (SLL) initiative.
The endeavor, announced on November 4 at a summit, is supported by the International Association of Ports and Harbors (IAPH) and the International Finance Corporation (IFC). The partnership reportedly formalizes a memorandum of understanding (MoU) signed between C40 and the IFC in September 2024.