Implied threats of the Red Sea crisis to global maritime transport: amplified carbon emissions and possible carbon pricing dysfunction

• Published in: Environmental research letters Vol. 19; no. 7; pp. 74053 - 74062
• Main Authors: Peng, He, Wang, Meng, An, Chunjiang
• Format: Journal Article
• Language: English
• Published: Bristol IOP Publishing 01.07.2024
• Subjects: Carbon; carbon leakage; Cargo ships; Containers; emission trading systems; Emissions trading; environmental policy robustness; Environmental regulations; Frequency analysis; Greenhouse gases; Marine transportation; maritime carbon emissions; market-based measures; Merchant ships; Pollution monitoring; Pricing; Red Sea crises

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...