The global shipping and warehousing industry can cut its carbon emissions — estimated at about 5 percent of the global total — in half if it undertakes a series of changes to the way it does business.
That’s the news from the World Economic Forum and consulting firm Accenture, which released their “Supply Chain Decarbonization� report on Wednesday.
Given that a corresponding Accenture survey found only one in ten supply chain executives were actively managing the carbon footprint of their companies’ operations, this new report could be seen as a to-do list for the industry.
The report said global transport and warehousing has 13 “commercially feasible� ways to cut in half its estimated annual carbon emissions of about 2,800 megatons — which is about 5 percent of an estimated 50,000 megatons of CO2 released from manmade sources into the atmosphere each year.
Among the key recommendations the report outlines are switching to electric or biofuel-powered trucks (a 175-megaton reduction); making warehouses and other buildings more energy efficient (a 93-megaton reduction), switching freight from planes and trucks to railroads and ships (a 115-megaton reduction), and allowing all those modes of transport to move more slowly so they use fuel more efficiently (a 171-megaton reduction).
Optimizing transportation networks — in other words, doing things like making sure trucks aren’t moving half-empty — could yield another 124-megaton reduction in carbon emissions, the report found.
Packagers of products can do their part by using less material or switching to greener packaging, for a 132-megaton reduction, the report noted. Â
But not all of the 13 steps the report outlines for carbon reduction are within a company's control. Some — like the recommendations to source agriculture and manufactured goods closer to destination markets and in nations or regions that have lower carbon emissions, for a total 335-megaton reduction — will fly in the face of the decades-long trend towards more globalized world trade.