Ship Energy Efficiency and Maritime Sector Initiatives to Reduce Carbon Emissions

With stricter IMO regulations on CO2 taking effect in 2023 and ambitious goals to reduce carbon intensity by 2030, the maritime industry is scrambling to clean up its act. Conventional methods and equipment are now being reevaluated, upgraded or completely replaced. The difference between a short-term fix and a long-term sustainable option is how flexible vessels will be to use new energy sources or technology as they become viable. The review discusses the recent literature on renewable energy sources, technical and operational strategies for new and existing ships, technology maturity, and alternative fuels. It is found that the IMO's targets can be met by combining two or three technologies, or via a radical technology shift which can provide innovative, high-efficiency solutions from an environmental and economic standpoint. It has also been noted that policies and enforcement are essential management instruments for mitigating the unfavourable environmental effects of marine transportation and directing the maritime industry toward sustainability on a regional, national, and international scale.