News / Shipping will suffer outsize – and costly – climate impact, says EDF report

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By 2100, shipping could be on the hook for costs of $25bn every year – equivalent to the entire net earnings from container ports in 2019 – due to climate change.

This is according to a new report by Environmental Defence Fund (EDF) – not to be confused with the French fossil energy major.

Based on computer-modelling scenarios by RTI International, which show that ports already suffer around $3bn of climate- and storm-related costs today, the figures represent an outsize climate change impact ...