Finance Framework Opens Door to Ship Retrofit Investment
FEET becomes first fund to adopt updated Singapore-Asia Taxonomy, linking financing for vessel efficiency technologies to independently verified fuel and emissions savings.Singapore has taken another step toward accelerating maritime decarbonization…
Singapore has taken another step toward accelerating maritime decarbonization, with the Fund for Energy Efficiency Technologies (FEET) becoming the first investment fund to adopt the revised Singapore-Asia Taxonomy for Sustainable Finance (SAT), establishing a framework to direct capital toward vessel retrofits and energy efficiency technologies.
The second edition of the taxonomy was announced by the Singapore Sustainable Finance Association (SSFA), supported by the Monetary Authority of Singapore (MAS), at COP31 in Türkiye on November 11, 2026.
Significantly for shipping, the revised taxonomy recognizes qualifying vessel retrofits and energy efficiency technology (EET) installations that deliver measurable greenhouse gas emissions reductions. The development expands the framework for sustainable maritime investment beyond new low-emission vessels to include technologies capable of improving the environmental performance of ships already operating.
FEET, managed by AIM Horizon Investments with the Global Centre for Maritime Decarbonisation (GCMD) serving as decarbonization advisor, provides up to 100% upfront financing for qualifying efficiency technologies through a blended finance structure.
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