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SINGAPORE MARITIME DIRECTORY 2020/2021
Decarbonisation
On decarbonisation efforts, Singapore remains committed to work with the International Maritime Organization (IMO) and member states to achieve the 2030 and 2050 greenhouse gas reduction goals.
Beyond meeting the 2020 sulphur limit, Singapore aims to fully embrace sustainability and prepare for a lower-carbon future.
The Maritime Singapore Green Initiative (MSGI) has been one of MPA’s key sustainability initiatives since 2011 and has been extended and enhanced till 31 December 2024. It comprises the Green Ship Programme, Green Port Programme, Green Technology Programme, Green Energy Programme and Green Awareness Programme. The MSGI will have a new incentive to encourage adoption of LNG as a cleaner and greener fuel than
existing options and is the only viable solution at scale for the shipping industry.
MPA will launch the Maritime Singapore Decarbonisation Blueprint 2050 next year. The blueprint will chart out strategies to achieve a sustainable maritime Singapore and establish Singapore as a responsible hub port and international maritime centre.
The Singapore Maritime Foundation (SMF) will set up an International Advisory Panel to garner inputs from local and international leaders from the industry and academia for this effort. MPA and its partners will set aside S$40 million under the Maritime GreenFuture Fund to be used for the research, test-bedding, and adoption of low-carbon technologies.
“This is what we do to help our maritime sectors compete - always looking beyond the
horizon; planning for the long-term; working in close partnership with workers and companies – and this will distinguish Singapore from other competing cities.” - said Senior Minister of State for Transport and Health Lam Pin Min at The Ministry of Transport’s Committee of Supply Debate 2020 Sustainable & Competitive Industries and Sustainable Environment on 5 March 2020.
“Shipping is a very resilient industry, and it has gone through many recessions. Initially, we thought that the IMO 2020 would be the greatest challenge of the decade. Little did we know that COVID-19 would come along. But being a resilient industry and being the backbone of global trade, I’m sure that we will emerge stronger.” - Ms Quah Ley Hoon, Chief Executive of MPA at the NUS Centre for International Law webinar “covid-19 and international shipping” on 3 June 2020.
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