CO2 emissions rocket thanks to Red Sea crisis

The ongoing crisis in the Red Sea and the rerouting of vessels around the Cape of Good Hope led to a staggering 45% increase in CO2 emissions from container shipping in the European Union in 2024.

That’s according to mandatory EU emissions data under the EU Monitoring, Reporting, and Verification (MRV) regulations.

Maritime consultancy Sea-Intelligence points out that while the overall shipping sector saw a 10% rise in CO2 emissions, the impact on container shipping has been disproportionately severe.

Figure 1 illustrates the stark contrast between the consistent decline in CO2 emissions from 2018 to 2023 and the unprecedented spike in 2024.

“From 2018-2023, container vessels had consistently been reducing their emissions, despite growth in container volumes, with emissions, on average, declining by -4.4% at an annual average,” said Sea-Intelligence CEO Alan Murphy.

“If, purely hypothetically, we assumed there was never a Red Sea crisis and that the container lines would again in 2024 have reduced their total emissions by 4.4%, this would have led to total emissions of 34.7 million tons in 2024. Instead, the reported reality was emissions of 52.7 million tons.

“Assuming that the primary cause of the emissions increase in 2024 is due to the round-Africa routing, then the actions of the Houthis have caused an added level of CO2 emissions in 2024 related to container shipping of 18 million tons.”

Murphy pointed out that the Red Sea crisis had, however, not had a measurable impact on shipping segments other than container shipping, as no major increase had been recorded in 2024 for these segments.