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Singapore outlines blueprint for maritime decarbonisation

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SINGAPORE is intensifying its decarbonisation efforts in the maritime sector, with the unveiling of a blueprint that sets out strategies and goals to be achieved by 2050 and at least an additional S$300 million to support these initiatives.

Unveiled by Minister for Transport S Iswaran at his ministry's Committee of Supply debate on Wednesday (Mar 9), the Maritime Singapore Decarbonisation Blueprint 2050 will focus on 7 key areas.

These are port terminals; domestic harbour craft; future marine fuels, bunkering standards and infrastructure; the Singapore Registry of Ships (SRS); efforts at the International Maritime Organization (IMO) and other international platforms; research & development and talent; and carbon awareness, carbon accounting and green financing.

Singapore's port terminals aim to lower their absolute emissions by at least 60 per cent compared to 2005 levels by 2030, then ultimately to net zero emissions by 2050, through adoption of cleaner energy, automation and digitalisation, according to the Maritime and Port Authority of Singapore.

Separately, Chee Hong Tat, the Senior Minister of State for Transport, announced at the debate initiatives to strengthen the capabilities of Singapore port and small and medium-sized enterprises (SMEs) in the maritime industry.

The Sea Transport Industry Digital Plan (IDP) that helps simplify digitalisation for the SMEs will expand from the sub-sectors of ship agency, harbour craft and bunkering to all sub-sectors, so that ship chandlers, ship brokers, marine surveyors, ship management and others will also benefit.

Chee added that the funding support for adoption of pre-approved solutions will be extended beyond 2022 to benefit eligible maritime companies on an ongoing basis. Over 3,000 SMEs will be eligible to apply for the co-funding to adopt pre-approved digital solutions under the expanded Sea Transport IDP.

Source: The Business Times


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