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Global shipping now contributes to around 2. These emissions add to the greenhouse effect and many countries in the Asia-Pacific region are already starting to experience the adverse effects of climate change. In , major flooding was caused along the south eastern Malaysia Peninsular when Typhoon Vamei, the first recorded cyclone in the region, hit near the equator. As global warming continues, rising sea levels are threatening vital infrastructure and communities — including Singapore.
MPA will continue to support this agenda by enabling a multi-fuel transition and believes that the key to accelerating the development of low-carbon fuels is through collaboration between stakeholders. The Maritime Singapore Green Initiative MSGI aimed to promote clean and green shipping in Singapore, and since its inception, the programme has been reviewed and enhanced twice to ensure it is up to date with the latest in climate technology and risk.
Singapore is located at the cross-roads of the East-West trade and sits within the seven-hour flight radius to many emerging Asian markets. MPA capitalises on this strategic location by encouraging green development through five key programmes, which has achieved considerable results to date:.
As at , more than Singapore-flagged ships have qualified for GSP. Currently, the annual CO2 emission from the improved ships has been reduced by more than , tonnes. MPA understands that the journey to a more sustainable future will not be achieved in silos and is actively partnering with key stakeholders across the shipping industry to improve the pace of change.