Budget debate: $300m to cut carbon emissions for shipping industry over the next 10 years

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Sverige Senaste nytt,Sverige Rubriker

SINGAPORE - At least $300 million will be pumped into reducing emissions for the maritime industry here over the next 10 years, as Singapore seeks to take the lead on green shipping, leveraging its we

ll-established role as a global cargo and refuelling hub.

It will also go towards making Singapore more ready for a multi-fuel future - an unprecedented situation in the centuries-old shipping industry - in which a range of marine fuels like biofuels, methanol, ammonia and even hydrogen may be used by different ships. By the same year, half of the ships flying the Singapore flag listed under the Singapore Registry of Ships - one of the world's biggest with about 4,000 vessels - should also be certified green, meaning that they have found ways to reduce their carbon emissions.

The blueprint comes after recommendations made by an international advisory panel last year and inputs from two-month long consultations conducted by the Maritime & Port Authority of Singapore .

 

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Sverige Senaste nytt, Sverige Rubriker