SMW 2021: Singapore Panel Recommends Nine Pathways to Shipping Decarbonisation

by Ship & Bunker News Team
Wednesday April 21, 2021

The international advisory panel set up by Singapore's authorities last year has identified nine 'pathways to maritime decarbonisation'.

The panel was arranged in July 2020 with the aim of developing a strategy to help the shipping industry to meet the International Maritime Organization's goals for eliminating greenhouse gas emissions.

The panel has recommended the following nine pathways as part of that strategy, Singapore's Maritime and Port Authority announced as part of Singapore Maritime Week on Wednesday:

  • Shape common metrics for carbon accounting
  • Set standards for new technologies and solutions
  • Pilot trials and deploy solutions
  • Build flexible ship capabilities and relevant infrastructure
  • Develop green financing mechanisms
  • Develop mechanisms that could support carbon pricing
  • Act as custodian for and deploy R&D funds and grants
  • Multiply local, regional and global collaboration across stakeholders
  • Set up a decarbonisation centre

"We thank the IAP for the significant effort and thought which went into producing the report," Chee Hong Tat, Singapore's minister for foreign affairs and transport, said in the MPA statement.

"We will consider their recommendations when developing the Maritime Singapore Decarbonisation Blueprint 2050.

"The fight against climate change is a global ambition and a collective responsibility.

"Singapore is committed to do our part to support the IMO and the international maritime community in climate action."