Together with representatives from B Capital Partners and Swiss Re, the International Association of Dredging Companies (IADC), Central Dredging Association (CEDA) and Vital Ports explored what is needed in order to improve the connection between green-labelled funds and sustainable waterborne infrastructure projects.
Against the backdrop of climate change, energy transition and loss of biodiversity, together with the fact that there are limited public budgets, means there is a bigger role available for finding sustainable funding for projects.
As a result, the report “Financing Sustainable Marine and Freshwater Infrastructure; A joint study to explore financing of green coastal, river and port projects” was published.
One main conclusion in the report is that sustainable waterborne infrastructure solutions are available, have been tested and are economically viable. Private capital could help to accelerate the uptake of such solutions. The report is an important first step towards realising this.
The dredging industry and financial sector are mutually unfamiliar with each other’s environment and both sectors want to expand their green initiatives. So synergy can be found in cooperation. That’s why IADC is organizing a webinar in November in order to increase awareness of the importance of sustainable dredging projects and the development of a finance framework to realise these projects.
In the webinar, three key lessons will be discussed by representatives of the dredging sector, Vital Ports, Swiss Re and B Capital Partners. They will explore, identify and clarify the role of private finance in sustainable Marine and Freshwater Infrastructure.
The purpose of this is twofold: to raise awareness of sustainable dredging solutions within the financial community, and to start building a bridge between the worlds of sustainable dredging and private finance.
The webinar is taking place:
- 23 November 2022 (10:00 am CET) How can private capital accelerate the green transition in marine and freshwater infrastructure? – Insurance aspects related to dredging projects.