Greening the Supply Chain: How Can We Enhance Transparency, Traceability, Regulatory Compliance, and Accountability at a Sector-Wide Level to Enable a Green Maritime Supply Chain?
Key Focus Area:
Green Technology & Decarbonisation
Singapore has committed to achieving net-zero emissions by 2050. In March 2022, MPA and industry partners released the Maritime Singapore Decarbonisation Blueprint 2050.
However, Singapore’s maritime sector transcends borders, various stakeholders, and multi-model transportation from land to sea. Greening the entire maritime supply chain is a huge endeavour to undertake and will have to overcome system-level complexities.
Solutions may include standards reporting systems, ecosystem-level coordination, and technological innovations that improve traceability and accountability. Potential Solution Spaces:
Automate Accountability and Traceability
– Innovate low-cost, auto-calibrating sensors that measure a ship’s GHG emissions
– Use Application Programming Interface (API) to automate compliance assessment, which should be customisable to each SME’s requirements (drawing inspiration from Singapore’s Tax Authority’s Auto-inclusion scheme)
Enable Ecosystem Collaboration:
– Develop a collaborative, trusted platform to convene maritime stakeholders on ecosystem-level efforts e.g., promoting circular economy practices
– Build a central sustainability marketplace that compares decarbonisation solutions e.g.: fuel trading platform that represents different fuel types, prices points, and resulting emissions
– Should be low-cost, considering product price and cost of any retrofitting required
– Ideally should be in a plug-and-play form
Call for Proposals for this Innovation Opportunity is now closed.