Air cargo CO2 emissions to increase 411% by 2050
The global air cargo market reported healthy growth last year, marking the first upswing in the market following a long period of stagnation.
March 2, 2015
The global air cargo market reported healthy growth last year, marking the first upswing in the market following a long period of stagnation. The result, fear many environmentalists, will lead not merely to the growth of the global air cargo market but also contribute significantly to the increase in CO2 emissions. Analysts now predict that more emissions will be produced from freight cargo than passengers by 2050.
The International Transport Forum (ITF) has provided figures estimating that emissions will grow 286 per cent by 2050. CO2 emissions from airfreight are expected to lead this growth, as analysts predict a 411 per cent increase on 2010 levels, with volumes transported reaching a projected 767 million tonnes.
Although the increase in CO2 emissions does suggest that the air cargo market will grow significantly, it also poses a setback for the airfreight market as concern over CO2 emissions, already a hot topic, will no doubt become increasingly problematic for freight companies. The rise in emissions will possibly lead to stricter airfreight legislation, for example, increasing capacity constraints, which could halt economic growth.
Most of the growth noted in the global air cargo market in 2014 was contributed to by the Asia-Pacific region (which contributed 46 per cent to the total increase of freight tonne kilometres) and the Middle East region (contributing 29 per cent).