Maritime Singapore Green Initiative Presentation at APEC 2 nd Carbon - PowerPoint PPT Presentation

Maritime Singapore Green Initiative Presentation at APEC 2 nd Carbon Footprint Presentation at APEC 2 Carbon Footprint Workshop Shen Wanling Manager, Registry Department 20 May 2014

Introduction 2

Economic growth vs. Environmental protection • Drive towards greener shipping • Measures developed and implemented through IMO 3

Going beyond Mandatory Requirements • Facilitating green thinking • Adopting green technologies 4

The Maritime Singapore Green Initiative seeks to reduce the environmental impact of shipping and related activities and to promote clean and green shipping. Up to $100 million over 5 years. Green Ship Green Port Green Technology Programme Programme Programme 5

Green Ship Programme 6

Green Ship Programme Target • Singapore-flagged ships How to qualify? • Ships adopting energy efficient designs exceeding IMO’s Energy Efficiency Design Index (EEDI) • Ships with approved SOx scrubbers installed which enable ship to meet next stage of MARPOL Annex VI sulphur limit 7

Example: 20,000 DWT Bulk Carrier with 10% EEDI reduction Reduction Factors (in %) for EEDI Phase 0 Phase 1 Phase 2 Phase 3 1 Jan 2013 – 1 Jan 2015 – 1 Jan 2020 – 1 Jan 2025 31 Dec 2014 31 Dec 2019 31 Dec 2024 and onwards IMO mandatory 0 10 20 30 requirements For example, Singapore-registered 20,000-DWT Bulk Carrier with 10% EEDI reduction Singapore- registered Green Ship Not able to enjoy Green Ship incentives, as the Bulk Carrier until 31 Dec ship’s energy efficiency did not exceed IMO with 10% 2014 mandatory requirements. reduction 8

Example: Singapore-registered ship with scrubber installed General requirements of sulphur limit (%) in fuel Current 1 Jan 2020 onwards IMO mandatory 3.50 0.50 requirements For example, Singapore-registered ship with scrubber installed enabling ship to exceed current SOx limit requirement and meet next stage requirement Singapore-registered ship with scrubber Not able to enjoy Green technology enabling Green Ship until Ship incentives, as the ship to emit fuel with 31 Dec 2019 ship did not exceed IMO sulphur content of 0.5% mandatory requirements. or less 9

Green Ship Programme Incentives • “Green” Recognition o Green Ship certificates o “Green Ship of the Year” award Types of incentives and % reduction/rebate given Criteria to meet Initial Registration Fee Annual Tonnage Tax Exceeding IMO’s EEDI Exceeding IMO’s EEDI 50 % 20 % requirements Installing SOx scrubbers * 25 % 20 % Exceeding IMO’s EEDI requirements and installing 75 % 50 % SOx scrubbers * * Effective from 1 st July 2013 10

Green Port Programme 11

Green Port Programme Target • Ocean-going ships calling at Singapore How to qualify? • Burn clean fuels (<1.00% sulphur content) within Port Limits • Use of approved abatement technology 12

Green Port Programme Incentives Extent that ship burns clean fuels or uses % port dues rebate given approved abatement technology Throughout entire port stay 15 % Throughout entire port stay * Increased to 25 % Only while at berth * 15 % * Effective from 1 st July 2013 13

Green Technology Programme 14

Green Technology Programme Target • Local maritime companies How to qualify? • Projects on green technological solutions/systems - Verifiable emissions results - Not commonly deployed - System installation done in Singapore 15

Green Technology Programme Incentives Qualifying projects Grant limit of projects Qualifying projects achieving reduction in Qualifying projects achieving reduction in S$ 2 million S$ 2 million emission levels Qualifying projects achieving more than S$ 3 million 10% reduction in emission levels * * Effective from 1 st July 2013 16

Industry Participation 17

Industry Participation (as at 30 Apr 2014) Green Ship Programme • 140 Singapore-registered ships • Tankers, container ships, bulk carriers, gas carriers and general cargo ships Green Port Programme • 2,279 vessel calls (as of 31 Mar 2014) Green Technology Programme • 16 successful applications • 3 applications under evaluation 18

Green Pledge Commitment by companies • Total 60 signatories • Inaugural Maritime Singapore Green Pledge in April 2011 • 2 nd Green Pledge in January 2012 • 3 rd Green Pledge in October 2012 • 4 th Green Pledge in December 2013 19

“As a responsible member of the international maritime community, we pledge to support and promote clean and green shipping in Singapore. We call upon the maritime We call upon the maritime community to join us in protecting and safeguarding our environment. ” 20

Conclusion 21

Integrated approach To promote Green efforts • Provide pro-business environment • Create spin-offs for R&D and equipment makers of green technologies • Promote Corporate Social Responsibility in the maritime industry • Profile Singapore’s Green Credentials 22