COS 2022 - Media Factsheet - Maritime Singapore Decarbonisation Blueprint: Working Towards 2050
Published 09 Mar 2022
09 March 2022
1. The Maritime Singapore Decarbonisation Blueprint: Working Towards 2050 charts ambitious and concrete long-term strategies to build a sustainable Maritime Singapore. Developed by the Maritime and Port Authority of Singapore (MPA) in consultation with industry partners, the Blueprint will contribute to Singapore’s commitments under the UN’s 2030 Sustainable Development Agenda, Paris Agreement and the Initial IMO Strategy on reduction of GHG emissions from ships, and strengthen our value proposition as a leading global hub port and International Maritime Centre.
2. The Blueprint takes on board the recommendations made by the International Advisory Panel on Maritime Decarbonisation, and inputs from a two-month long public consultation and sector-specific consultations.
3. The Blueprint outlines seven key areas which MPA will focus on to support the decarbonisation of the maritime industry:
Transit towards a low-carbon future through the adoption of cleaner energy, automation, and digitalisation, to achieve:
|2||Domestic harbour craft
All harbour craft will operate on low-carbon energy solutions by 2030 and full electric propulsion and net zero fuels by 2050, to achieve:
|3||Future marine fuels, bunkering standards and infrastructure
||Be ready for a multi-fuel bunkering transition to support the future of international shipping, by supplying low and zero-carbon marine fuels including biofuels, methanol, ammonia, and potentially hydrogen, while enabling green technologies such as carbon capture, storage and utilisation.
|4||Singapore Registry of Ships
||Recognise and incentivise owners to operate green ships, working towards 50% of the SRS fleet to be green ships by 2050.
|5||Efforts at IMO and other international platforms
||Standard-setter and bridge builder, advocating for strong, credible, and inclusive climate action at the IMO and international fora.
|6||Research & development and talent
||Global hub for maritime decarbonisation R&D, enabled by a vibrant ecosystem with talent and expertise to develop and deploy innovations.
|7||Carbon awareness, carbon accounting and green financing
Green maritime finance hub by promoting green financing landscape and strengthening carbon accounting and reporting.
4. To move more decisively on maritime decarbonisation, MPA will commit additional funds of at least $300 million to support initiatives outlined in the Blueprint.