The shipping sector emits 1 billion tons of carbon dioxide per year, representing about 2.5 percent of global greenhouse gas emissions. But change is on the horizon. This new industry brief highlights the progress towards the creation of a more sustainable shipping industry. It chronicles the recent regulatory changes and commitments on the part of major shipping companies aimed at decreasing the industry’s environmental footprint. New environmental regulations and standards will make greenhouse gas abatement the industry norm, the brief notes, yielding new investment opportunities and eco-friendly technological innovation.