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                                                   ISSUE 47
                                                   COMMUNITY TALK
                                                                ALK
                                                   COMMUNITY T





          A regional approach creates distortions, is   In Singapore, we already have a carbon levy that’s
          administratively burdensome, and can lead to the   fi xed on the industry. But how do we shorten
          problem being pushed elsewhere.            the timeline? It really is about putting funds and
                                                     incentives in place to accelerate some of the
          MODERATOR: TAKING THE VIEWS OF INDUSTRY    processes, including the pilot projects. We also have
          CAPTAINS, I WOULD LIKE LEY HOON TO SHARE WHAT   our Maritime GreenFuture Fund. The setting up of
          THE SINGAPORE GOVERNMENT, SPECIFICALLY THE   the international advisory panel is a great step as it
          MARITIME AND PORT AUTHORITY OF SINGAPORE, IS   brings together C-suite executives who are able to
          DOING TO ENCOURAGE AND FACILITATE THE MOVEMENT   curate and partner on concrete collaborations. I am
          TOWARDS DECARBONISING SHIPPING.            looking forward to working with industry to see how
          QLH: Standards is an area that we defi nitely would   we can bring this process forward.
          want to work together with other port authorities.   Lastly, I would like to urge the industry to take
          When it comes to the carbon mechanism, I think   decarbonisation as an opportunity. As Weng
          those with the expertise could contribute as well.   Sun mentioned, this is the time to transform our

                                                     industry. We must reach out to a different group of
                                                     talents with the needed expertise to build up the
                                                     industry. I see it as a great opportunity for us to
                                                     transform this industry in the next few years, and I’m
                                                     really quite excited about it.
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