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The plans vary based on how quickly emissions will be cut. Unsurprisingly, the small island states, which are particularly vulnerable to rising seas, are pushing for aggressive reductions. Industry representatives want smaller incremental steps.
Regardless of how quickly the industry moves, it is one of the most significant post-Paris Accord agreements to emerge. According to the IMO, technologies are available to reduce carbon emissions by up to 75% in the industry.
The IMO has done a tremendous amount of work to reduce the environmental impact of shipping on the environment. For example, they have fostered agreements on ballast water releases and sulfur emissions. They plan to tackle the vexing problem of ocean pollution soon.