The additional fuel burned due to diversions has led to approximately an
extra 13.6 million tons of CO2 emissions over the past four months — equivalent
to the pollution of about 9 million cars over that same period, according to a
report from consultancy INVERTO, a subsidiary of Boston Consulting Group Inc.
“The extra emissions resulting from this crisis will increase companies’
carbon footprints – making it very hard to hit their net zero targets,” said
Sushank Agarwal, a managing director at the company. “To meet these targets,
companies will either need to reduce emissions elsewhere in their supply chains
or invest in more carbon offset initiatives — both can be very costly.”
A separate report from Xeneta, an Oslo-based freight-analytics company,
focusing specifically on container shipping showed carbon emissions sailing
from Asia to the Mediterranean rose by
63% last quarter compared with the final three months of 2023.
The Xeneta and Marine Benchmark Carbon Emissions Index, a gauge of
carbon emissions per ton of cargo transported along the world’s top 13 trade
lanes, reached its highest level in the first quarter in records going back to
2018.
“Ships are also being sailed at higher
speeds in an attempt to make up time due to the longer distances, which again
results in more carbon being burned,” said Emily Stausbøll, a market analyst at
Xeneta.
The 9 million cars calculation cited by INVERTO is based on a US
Environmental Protection Agency estimate for a typical passenger vehicle. Using
an International Energy Agency estimate for a year of emissions, the 13.6
million tons of CO2 are equivalent to that of 13.6 million passenger vehicles
over four months, the report said.