The Maritime and Port Authority of Singapore (MPA) will commit additional funds of at least $300 million to help the local maritime sector move more decisively on decarbonisation over the next 10 years.
The organisation on Wednesday (9 March) introduced the Maritime Singapore Decarbonisation Blueprint: Working Towards 2050 which charts ambitious and concrete long-term strategies to build a sustainable maritime Singapore.
Developed by 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.
It will also strengthen Singapore’s value proposition as a leading global hub port and International Maritime Centre.
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.
The plan outlines seven key areas which MPA will focus on to support the decarbonisation of the maritime industry:
Photo credit: Maritime and Port Authority of Singapore
Published: 10 March, 2022
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