![Davos 2023: Jerry Kalogiratos on Greek Shipping, Sustainable Financing and Global Leadership](https://www.ot.gr/wp-content/uploads/2023/01/Jerry.jpg)
In the context of the World Economic Forum at Davos, Greek House Davos also organized its own conference. In a discussion with Hans-Paul Brueckner, Global Emeritus Chair of Boston Consulting Group and Irene Vantaraki, Chair of Greek House Davos,Jerry Kalogiratos, CEO of Capital Product Partners LP, analysed the strategic importance of Greek Shipping and the need for sustainable financing and global / supranational leadership in the transport sector.
Jerry Kalogiratos stressed that Greek shipping controls about one fourth of the global fleet, “a small country controlling the fates of international trade.” As a global transport sector, shipping carries more than 90% of goods globally, yet it is responsible for only 3% of global emissions. However, as Jerry Kalogiratos stressed, “although shipping is an environmentally effective way to transport goods, it has to reduce its environmental footprint.”
![](https://www.in.gr/wp-content/uploads/2023/01/Jerry_02-600x314.jpg)
Jerry Kalogiratos, CEO and director of Capital Product Partners LP
“Business must be offered market based measures that encourage green investment”
Regarding sustainable financing, Jerry Kalogiratos highlighted the fact that “the capital that will be required to achieve net zero by 2050 has been estimated to be around 9.2 trillion and this requires sustainable financing and leaders that are in a position to use it in an effective way.” In this context, he referred to a personal story in order to stress the importance of sustainable financing and the need for leadership at the global or supranational level. According to the CEO of Capital Product Partners LP, “businesses must be offered market-based measures that encourage green investment and the use of alternative fuels. To achieve this leadership at the global level is required. The EU has made important steps forward, and the same should do the IMO».
Referring to Greece’s position in the European energy market, Jerry Kalogiratos stressed that Greece is fortunate enough to in place the necessary infrastructure in Revithousa and Alexandroupolis to reduce dependence upon natural gas that is transported via pipelines. If we also take into consideration the upsurge in renewable energy in Greece, it seems that the country is in relatively better position than other European countries. “Greece has been transformed and has shown that it can be a responsible energy player in Europe with the potential to also become a major energy exporter to the rest of the continent.”
“Business must be offered market based measures that encourage green investment”
Regarding sustainable financing, Jerry Kalogiratos highlighted the fact that “the capital that will be required to achieve net zero by 2050 has been estimated to be around 9.2 trillion and this requires sustainable financing and leaders that are in a position to use it in an effective way.” In this context, he referred to a personal story in order to stress the importance of sustainable financing and the need for leadership at the global or supranational level. According to the CEO of Capital Product Partners LP, “businesses must be offered market-based measures that encourage green investment and the use of alternative fuels. To achieve this leadership at the global level is required. The EU has made important steps forward, and the same should do the IMO».
Referring to Greece’s position in the European energy market, Jerry Kalogiratos stressed that Greece is fortunate enough to in place the necessary infrastructure in Revithousa and Alexandroupolis to reduce dependence upon natural gas that is transported via pipelines. If we also take into consideration the upsurge in renewable energy in Greece, it seems that the country is in relatively better position than other European countries. “Greece has been transformed and has shown that it can be a responsible energy player in Europe with the potential to also become a major energy exporter to the rest of the continent.”
Regarding Greek shipping, Jerry Kalogiratos stressed that its role is particularly crucial because “during the energy crisis that erupted, the fact that Greece controls about one fourth of the global LNG fleet was particularly important, and also insisted the “the transport sectors should also be considered a strategic industry for the EU and need to be supported with the necessary infrastructure.”
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
Latest News
![Gov’t Eyes Return of Power Subsidies Amid Spike in Rates](https://www.ot.gr/wp-content/uploads/2024/07/power-lines-2048x1365-1-600x400.jpg)
Gov’t Eyes Return of Power Subsidies Amid Spike in Rates
According to reports, the government will resume an electricity subsidization program, given that forecasts cite disruptions – i.e. higher rates
![ELSTAT: 6.3% Increase in Output Price Index for Agriculture and Livestock](https://www.ot.gr/wp-content/uploads/2024/07/ot_georg_PROIONTA_money-1-600x352.png)
ELSTAT: 6.3% Increase in Output Price Index for Agriculture and Livestock
The 6.3% rise in May 2024 is largely driven by an 8.8% increase in the crop output group, particularly due to changes in olive oil prices, and a 0.5% increase in the animal output group.
![Balkans Blackout Highlights Climate Threats to Power Grids](https://www.ot.gr/wp-content/uploads/2024/07/blackout-1-600x457.png)
Balkans Blackout Highlights Climate Threats to Power Grids
The surge in electricity demand during the heat wave and the power deficit in Balkan markets have driven up prices in the Greek wholesale electricity market.
![Greece in Top 4 Destinations Favored by European Tourists](https://www.ot.gr/wp-content/uploads/2021/06/ploio-600x400.jpg)
Greece in Top 4 Destinations Favored by European Tourists
Greece was selected by 5.9% of respondents who were asked where they would vacation this year, up from 5.4% in the same survey last year
![Scope Affirms Greece’s BBB- Ratings; Revises Outlook to Positive](https://www.ot.gr/wp-content/uploads/2024/06/euros-2048x1365-1-600x400.jpg)
Scope Affirms Greece’s BBB- Ratings; Revises Outlook to Positive
The international ratings firm raised Greece to investment grade in early August 2023
![First Seaplane Test Flights to Skopelos, Alonissos, Skyros](https://www.ot.gr/wp-content/uploads/2024/06/hellenic-seaplanes-pilotikes-ptiseis-ydatino-pedio-lavriou-600x450.jpeg)
First Seaplane Test Flights to Skopelos, Alonissos, Skyros
After decades of on-again, off-again efforts to schedule regular seaplane routes to Greece's numerous island and coastal destinations the prospect now appears within sight
![ELSTAT- Overall Import Price Index for May 2024 up 2.8% y-o-y](https://www.ot.gr/wp-content/uploads/2023/08/unnamed-41.jpg)
ELSTAT- Overall Import Price Index for May 2024 up 2.8% y-o-y
The same price index had decreased 20.8% from May 2022 to May 2023
![Over 7 in 10 Employees Feel Their Contributions Are Not Appreciated](https://www.ot.gr/wp-content/uploads/2024/06/ergasia-ergazomenos-600x300.jpg)
Over 7 in 10 Employees Feel Their Contributions Are Not Appreciated
Specifically, the option "Subjective opinions are prioritized over objective data" ranked highest in importance for young employees, with a score of 3.89 out of 4
![OECD: Job Vacancies on the Rise in Greece](https://www.ot.gr/wp-content/uploads/2024/07/ergasiabusinness-768x556-1-1-600x434.jpeg)
OECD: Job Vacancies on the Rise in Greece
By the fourth quarter of 2023, job vacancies per unemployed person had risen by more than 4, with the index reaching 446 units compared to 100 units in late 2019
![OTE Group: FTTH Program Advancing in Semi-Urban and Rural Areas of Greece](https://www.ot.gr/wp-content/uploads/2024/05/ΟΤΕ-Group_1-600x450.jpg)
OTE Group: FTTH Program Advancing in Semi-Urban and Rural Areas of Greece
This initiative will provide ultra-fast internet speeds of up to 1Gbps to over 350,000 households and businesses in semi-urban and rural areas across the country