Larger cargo ships with swappable batteries are on the way. Plans for building out more ship charging points dovetail nicely with the Sembcorp Energy Storage System, which launched in December as Southeast Asia's largest battery energy storage system. It will be critical for expanding domestic use of solar power.
Farther afield, Singapore is working with the Dutch port of Rotterdam to launch a "green and digital shipping corridor" by 2027 to facilitate transit by ships powered by sustainable fuels along the 8,000 nautical miles between the harbors.
Singapore recently signed an agreement with the California ports of Los Angeles and Long Beach for a similar trans-Pacific corridor. The city-state is also working with Norway to support developing countries decarbonizing their ports and shipping.
These efforts underscore Singapore's leadership, and its pragmatic and inclusive approach to collaborating with actors across the maritime value chain to accelerate the global green transition. It is setting a good example for other countries, particularly in Asia.
Singapore's actions are helping it keep pace with corporate efforts to decarbonize shipping. Some of the world's biggest retailers, including Amazon.com, have pledged to use only ships running on zero-emission fuels by 2040. The first commercial ammonia-fueled marine engines are due to come in service next year.
Shipping line Maersk, aiming to reach net-zero by 2040, has ordered 19 methanol-capable container ships that should begin to hit the water later this year; it has signed up service providers in Singapore, Shanghai and other major ports to ensure the new ships will be able to run on sustainably derived methanol.
To create the business case for much larger green maritime investments, actors across the maritime value chain have called out for regulatory certainty about how policy will align with the 1.5 C trajectory.
Paris-aligned regulations are vital for rapidly scaling up development and deployment of new fuels and ship-related technologies. New fuel markets can generate economic opportunities for renewable-rich nations, including developing countries, to become green fuel producers.
Aside from regulations, market-based measures, like carbon levies, are also critical for closing the price gap between fossil and renewable fuels, while providing revenue for financing enhanced climate actions in vulnerable developing nations.