The approach.

The Silk Alliance work programme started in 2021 with development of the Lloyd’s Register First Mover Framework, which underpins the process taken to form a green corridor. This framework analyses the supply and demand together using a scenario-based model to understand what the fuel demand looks like for a specific fleet, and how it evolves over time, facilitating predictions on the costs and emissions to decarbonise.

The First Mover Framework process follows three steps:

• System-thinking stage: Bringing together the experiences of all the members to build a common understanding of the challenges and co-prioritise opportunities and threats.
• Foresight: Formulating strategies and scenarios which are subsequently developed and assessed.
• Co-creation: Validation and consensus of the decarbonisation pathway, with a follow-up action plan for implementation.

The key focus will be on attracting investment in zero-emissions infrastructure and technology in Singapore and the wider Asia region, and kickstart the adoption of solutions where benefits to the “first movers” outweigh the risks being taken at this early stage of shipping’s decarbonisation.

The Silk Alliance work programme started in 2021 with development of the Lloyd’s Register First Mover Framework, which underpins the process taken to form a green corridor. This framework analyses the supply and demand together using a scenario-based model to understand what the fuel demand looks like for a specific fleet, and how it evolves over time, facilitating predictions on the costs and emissions to decarbonise.