Barriers for Adoption of Energy Efficiency Measures in Shipping Industry

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Shipping is the cheapest and most energy-efficient way of transporting cargoes across the world. Over 90% of world trade is carried by the international shipping industry. For the modern world, without shipping, the import and export of goods from one end to another end of the world are not possible. Seaborne trade continues to expand, bringing benefits for consumers through the lowest and decreasing freight costs. There are around 50,000 merchant ships trading internationally for transporting every kind of cargoes. Everyday each of these ships burns tonnes of fossil fuels to produce the power for propulsion and daily operation. Fossil fuels are the major energy sources in today’s world but still when over consumption takes place lead to disastrous effects such as air pollution and climate change. Burning of fossil fuels in large marine diesel engines produces carbon dioxide, carbon monoxide, nitrogen monoxide, nitrogen dioxide, sulphur dioxide etc. that have severe bad effects on the habitats as well as human health.
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