Implied threats of the Red Sea crisis to global maritime transport
Amplified carbon emissions and possible carbon pricing dysfunction
Bibliographic Data
| ID | 15544345 |
|---|---|
| Authors | He Peng (0000-0001-8401-1273, Concordia University), Meng Wang (0000-0001-5799-549X, Pennsylvania State University), Chunjiang An (0000-0002-7350-2365, Concordia University, corresponding author) |
| Year | 2024 |
| Volume | 19 |
| Issue | 7 |
| Pages | 074053-074053 |
| Publication date | 2024-06-28 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Environmental Research Letters (JOURNAL) |
| Journal identifiers | ISSN: 1748-9326 • E-ISSN: 1748-9326 |
| Publisher | IOP Publishing (PUBLISHER • GB) |
| DOI | 10.1088/1748-9326/ad59b7 |
| OpenAlex | W4400129029 |
| Language | EN |
| Citations received | 6 |
| References cited | 31 |
Recent military acts in the Red Sea and Gulf of Aden are forcing merchant ships to reroute, thereby driving up international shipping rates, prolonging delivery dates, and causing additional greenhouse gas emissions. Utilizing the European Union (EU) Monitoring, Reporting, and Verification emissions database and real time Automatic Identification System data, this study conducted frequency analysis and causative investigation on container ships circumnavigating the Cape of Good Hope. The findings indicate that the current policy framework under the EU Emissions Trading System (EU-ETS) poses a higher risk of carbon leakage, particularly for medium and small-sized container ships, thereby undermining the effectiveness of the nascent EU maritime carbon pricing. If the crisis continues, combined with anticipated tighter emission regulations, this risk is expected to escalate. International maritime policy administrators should make timely adjustments in response to the chain reactions caused by war, enhancing the robustness of cross-regional carbon pricing
Baltic sea · Business · Carbon leakage · Container (type theory · Economics · Emissions trading · European union · Greenhouse gas · International trade · Leakage (economics · Robustness (evolution · Engineering · Environmental Science · Maritime Navigation and Safety · Maritime Ports and Logistics · Maritime Transport Emissions and Efficiency · Oceanography
Too hard to decarbonize
Identifying effective drivers in the development of border and maritime logistics hubs and their impact on international relations
Cascading Failures in the Global Container Shipping Network
Environmental impacts of the Houthis’ attacks against commercial shipping in the Red Sea
Resilient or fragile? Modelling economic disruptions in India's electronics sector due to the Red Sea crisis
Container port competitiveness amid disruptions
| Citations per year | 6 |
|---|---|
| Citation span | 2025 - 2026 (2) |
| Highly cited | No |