With increasing global urgency in acting now to mitigate climate risks, the shipping industry is in a crucial historical moment where another energy transition is going to shape the industry as we know it today.
The focus is on an actionable plan that can drive the implementation of decarbonisation solutions, specifically through “green corridors”, defined by the Clydebank Declaration at COP26 as shipping routes on which “the technological, economic, and regulatory feasibility of the operation of zero emissions ships is catalysed through public and private actions”.
This paper introduces the green shipping corridor cluster, The Silk Alliance, established by LR Maritime Decarbonisation Hub (LR MDH) with leading cross-supply chain stakeholders to develop a fleet fuel transition strategy that can enable the establishment of a highly scalable green corridor cluster in Singapore and the wider Asia region. It describes the progress made so far, and the initial lessons learned during the first phase of this initiative.
We hope that by sharing this information we encourage greater transparency around green corridor initiatives which would provide direction to learning processes, attract attention, facilitate interactions, and legitimate continuing nurturing for such type of initiative.