Low Carbon Land Transport and the Climate Bonds Standard (Version 1.0) Background Paper to Eligibility Criteria Low Carbon Transport Technical Working Group Climate Bonds Standard and Certification Scheme: LC Transport Technical Working Committee Page 2 of 20 Contents 1 Introduction ...................................................................................................................................... 3 2 Leveraging climate bonds to develop low carbon transport infrastructure ........
imposed by the International Maritime Organization (IMO) which will be in full effect on the 1st of January, 2020, which dictates that international vessels and bunkers are to use fuel with Sulphur
into the adoption of Low Sulphur Fuel Oil as the fuel source for shipping vessels following the mandate of the IMO which will begin enforcement in 2020. Nevertheless, from the volatility of global crude