Paul Bodnar and James Mitchell of Rocky Mountain Institute sit down to talk about the launch of the Poseidon Principles and just what this means for the shipping industry and for global climate impacts.

For the last two years, James has been working with leading financial institutions to develop the Poseidon Principles, the world's first climate alignment agreement for financial institutions. These principles establish a simple, transparent way to integrate climate considerations into lending decisions to incentivize shipping's decarbonization.

The Poseidon Principles officially launched today with support from Citi, Societe General, DNB, Danske Bank, and many others.