Current:Home > FinanceShipping Group Leaps Into Europe’s Top 10 Polluters List -Ascend Wealth Education
Shipping Group Leaps Into Europe’s Top 10 Polluters List
View
Date:2025-04-18 22:48:59
ICN occasionally publishes Financial Times articles to bring you more international climate reporting.
A ranking of the top 10 corporate polluters in Europe includes a shipping group for the first time, in a sign of how some emissions-heavy industries are escaping the environmental clampdown imposed on others.
Vessels operated by Mediterranean Shipping Company, the continent’s largest, emitted 11 million tonnes of carbon dioxide last year on journeys to, from or within the European Union, according to analysis of EU data by Transport & Environment, a non-governmental organization.
That made Swiss-headquartered MSC Europe’s eighth-worst polluting company, breaking into a list that was until recently the exclusive preserve of coal-fired power stations. It is only the second company not in that sector to break into the top 10, following Irish airline Ryanair’s inclusion earlier this year.
Shipping is among the only industries not covered by the Paris climate agreement, and although the UN industry body the International Maritime Organization has set a goal of halving its emissions by 2050, few immediate steps have been taken to reach that goal.
“Almost everything we touch has been on a ship,” said Faig Abbasov, shipping manager at Transport & Environment. “All those things have a huge environmental footprint—an invisible element in the supply chain that has a huge impact on the environment.”
MSC’s 362 Europe-operating ships are responsible for 25 percent of the continent’s container ship carbon emissions, ahead of second-placed Maersk, which has 335 ships and a carbon output of 8.22 million tonnes.
The broader European shipping industry, including passenger and bulk cargo vessels, produced 139 million tonnes of CO2 in 2018, and emissions in the sector are 19 percent higher than in 1990, according to Transport & Environment.
Expansion Fueled by Global Trade
Global trade growth has fuelled the expansion of container shipping, according to International Transport Forum, a think tank which estimates the sector has tripled in size since 2000 and faces demand growth at the same rate over the next 30 years.
While other modes of transport are subject to emissions regulations, shipping has so far escaped any serious limits.
Abbasov said the fact that the sector’s operations were largely out of sight had protected it from public scrutiny and political action.
MSC Says It Has a ‘Green Fleet’
MSC said it was investing in improvements to the sustainability of its fleet that had resulted in a 13 percent reduction in CO2 emissions per unit of transport work.
While it emits more carbon in total than any other European shipping company, it was among the most energy efficient, emitting 19.92 grams of CO2 for each tonne of cargo per nautical mile. The most efficient carrier, China’s Cosco, emitted 13.25 grams per tonne per nautical mile, while the 10th least efficient produced 43.05 grams.
“MSC operates a modern, green fleet and is investing heavily in low-carbon technologies and extensive new-build and retrofit programmes to boost performance and minimise our environmental impact,” the company said.
It also announced this weekend that it would start using a biofuels blend in vessels calling at Rotterdam, which it said would further reduce its emissions.
© The Financial Times Limited 2019. All Rights Reserved. Not to be further redistributed, copied or modified in any way.
veryGood! (2112)
Related
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- School vaccination exemptions now highest on record among kindergartners, CDC reports
- Fran Drescher tells NPR the breakthrough moment that ended the Hollywood strikes
- Don't assume Big Ten commissioner Tony Petitti is clueless or naive as he deals with Michigan
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Police investigate vandalism at US Rep. Monica De La Cruz’s Texas office over Israel-Hamas war
- New UN report paints a picture of the devastation of the collapsing Palestinian economy
- Erdogan backtracks after siding with court that defied top court’s ruling on lawmaker’s release
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Former Louisville officer charged in Breonna Taylor raid says he was defending fellow officers
Ranking
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- The Eras Tour returns: See the new surprise songs Taylor Swift played in Argentina
- Black riverboat co-captain faces assault complaint filed by white boater in Alabama dock brawl
- FDA approves first vaccine against chikungunya virus for people over 18
- Travis Hunter, the 2
- 'The Killer' review: Michael Fassbender is a flawed hitman in David Fincher's fun Netflix film
- Biden and Xi will meet Wednesday for talks on trade, Taiwan and managing fraught US-China relations
- Putin and top military leaders visit southern military headquarters to assess his war in Ukraine
Recommendation
DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
Week 11 college football predictions: Picks for Michigan-Penn State and every Top 25 game
Apple Pay, Venmo, Google Pay would undergo same scrutiny as banks under proposed rule
Demonstrators brawl outside LA’s Museum of Tolerance after screening of Hamas attack video
Meta donates $1 million to Trump’s inauguration fund
Once dubbed Australia's worst female serial killer, Kathleen Folbigg could have convictions for killing her 4 children overturned
Internet collapses in war-torn Yemen after recent attacks by Houthi rebels targeting Israel, US
A radical plan to fix Argentina's inflation