Introduction:
With increasing pressure from governments, consumers, and environmental groups, the shipping industry is starting to address its role in climate change. While progress is slow, there are several initiatives and innovations aimed at making shipping more sustainable.

Main Points:

• Alternative Fuels Such as LNG and Biofuels:
  One of the most promising solutions for reducing the environmental impact of shipping is switching from heavy fuel oil to cleaner alternatives. LNG emits fewer pollutants, including sulfur oxides (SOx), nitrogen oxides (NOx), and particulate matter. Biofuels, made from renewable resources, also offer significant potential for reducing CO2 emissions.

• Slow Steaming and Its Role in Emission Reductions:
  Slow steaming involves reducing the speed of vessels to decrease fuel consumption and emissions. While this increases travel time, it can reduce fuel consumption by up to 30%, leading to a significant reduction in greenhouse gas emissions. Many shipping companies have adopted this practice as part of their sustainability strategies.

• The IMO’s Regulatory Framework for Emission Reductions:
  The IMO has been a driving force in regulating shipping emissions. The organization has introduced the Energy Efficiency Design Index (EEDI), which requires new ships to be more energy-efficient. Additionally, the IMO has set targets to reduce sulfur emissions and introduce market-based measures to incentivize emission reductions.