Current:Home > MyTrendPulse|Shipping Group Leaps Into Europe’s Top 10 Polluters List -Mastery Money Tools
TrendPulse|Shipping Group Leaps Into Europe’s Top 10 Polluters List
Indexbit View
Date:2025-04-07 12:53:09
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,TrendPulse 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! (77)
Related
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- Abercrombie's Secret 86% Discounts: Your Guide to the Hidden Deals No One Else Is Talking About
- Quick! Banana Republic Factory’s Extra 40% Sale Won’t Last Long, Score Chic Classics Starting at $11
- Firefighters make progress against massive blaze in California ahead of warming weather
- Military service academies see drop in reported sexual assaults after alarming surge
- NYC Mayor Eric Adams defends top advisor accused of sexual harassment
- Baby Reindeer Star Richard Gadd Responds to Alleged Real-Life Stalker’s Netflix Lawsuit
- 2024 Olympics: What USA Tennis' Emma Navarro Told “Cut-Throat” Opponent Zheng Qinwen in Heated Exchange
- Arkansas State Police probe death of woman found after officer
- Olympics 2024: Why Jordan Chiles Won’t Compete in the Women’s Gymnastics All-Around Final
Ranking
- DoorDash steps up driver ID checks after traffic safety complaints
- 4 people and 2 dogs die in a house fire near Tampa
- Green Day setlist: All the Saviors Tour songs
- Olympic women's, men's triathlons get clearance after Seine water test
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Judge tells UCLA it must protect Jewish students' equal access on campus
- 3 inmates dead and at least 9 injured in rural Nevada prison ‘altercation,’ officials say
- Meyerbeer’s ‘Le Prophète’ from 1849 sounds like it’s ripped-from-the-headlines at Bard SummerScape
Recommendation
Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
'Absolutely incredible:' Kaylee McKeown, Regan Smith put on show in backstroke final
Serbia spoils Olympic debut for Jimmer Fredette, men's 3x3 basketball team
3 inmates dead and at least 9 injured in rural Nevada prison ‘altercation,’ officials say
San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
Eight international track and field stars to know at the 2024 Paris Olympics
'Absolutely incredible:' Kaylee McKeown, Regan Smith put on show in backstroke final
Two sets of US rowers qualify for finals as lightweight pairs falls off