On the Synergy Between Renewable Energy and Npl Reduction in the Maritime Industry

John Hlias Plikas – National and Kapodistrian University of Athens, Department of Economies and UoA Center for Financial Studies, Athens, Greece

Panagiotis Trakadas – National and Kapodistrian University of Athens, Department of Economies and UoA Center for Financial Studies, Athens, Greece

Dimitris Kenourgios – National and Kapodistrian University of Athens, Department of Economies and UoA Center for Financial Studies, Athens, Greece

Abstract: The recent geopolitical tensions, the rising uncertainties and climate risks pose challenges to all industries. The shipping industry faces challenges such as rising fuel costs and tightening environmental regulations, which decrease the ability of shipping borrowers to meet their loan repayment obligations, exacerbating the likelihood of increased non-performing loans (NPLs). Draw- ing on existing literature, this study examines the synergy between renewable energy adoption and NPLs in the maritime industry. The findings underscore that the increased renewable energy dependency will bolster the resilience of maritime borrowers. Vessels adopting renewable sources and aligning with tightened environmental regulations may avert the regulatory disruptions that could hinder loan repayments. Renewable sources’ adoption will also attract investors and enhance access to additional financing. Consequently, reduced NPLs will stimulate banks’ financial stability and foster economic growth. This study also identifies challenges related to renewable energy adoption, offering practical pathways to adoption and outlining the channels of NPL reduction.

10th International Scientific Conference ERAZ 2024 – Conference Proceedings: KNOWLEDGE BASED SUSTAINABLE DEVELOPMENT,  hybrid – online, virtually and in person, Lisbon, Portugal, June 6, 2024

ERAZ Conference Proceedings published by: Association of Economists and Managers of the Balkans – Belgrade, Serbia

ERAZ conference partners: Faculty of Logistics, University of Maribor, Maribor (Slovenia); University of National and World Economy – UNWE, Sofia (Bulgaria); Center for Political Research and Documentation (KEPET), Research Laboratory of the Department of Political Science of University of Crete (Greece); Institute of Public Finance – Zagreb (Croatia); Faculty of Tourism and Hospitality Ohrid, University of St. Kliment Ohridski from Bitola (North Macedonia)

ERAZ Conference 2024 Conference Proceedings: ISBN 978-86-80194-86-8, ISSN 2683-5568,

DOI: https://doi.org/10.31410/ERAZ.2024

Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission. 

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