“GLOBAL TRADE DISRUPTIONS CAUSE INCREASED EMISSIONS, LONGER SHIPPING ROUTES: UNCTAD”

Why in the news?

  • UNCTAD reports that global trade disruptions, notably due to the Red Sea shipping crisis, have led to longer maritime routes and higher greenhouse gas emissions.
  • Over 600 vessels have been diverted from the Suez Canal to the Cape of Good Hope, increasing voyage time and emissions, with serious implications for global trade and environmental sustainability.
Source: WorldAtlas

About Red Sea:

  • Semi-enclosed inlet of the Indian Ocean between Africa and Asia.
  • One of the most saline bodies of water in the world.
  • Connected to the Arabian Sea and Indian Ocean through Gulf of Aden and Bab el Mandeb Strait.
  • Part of the Great Rift Valley (Afro-Arabian Rift Valley).
  • Deepest point: 3,040 m at central Suakin Trough.
  • Average depth: 490 m.

Islands:

  • Tiran Island (near mouth of Gulf of Aqaba).
  • Shadwan Island (entrance of Gulf of Suez).
About United Nations Conference on Trade and Development (UNCTAD):

  • UN’s leading institution for trade and development.
  • Permanent intergovernmental body established by the UN General Assembly in 1964.
  • Headquarters: Geneva, Switzerland.
  • Membership: 195 states.

Reports Published:

  • Trade and Development Report
  • World Investment Report
  • The Least Developed Countries Report

Associated Article:

https://universalinstitutions.com/unctad-predicts-the-indian-economy-to-grow-6-5-in-2024/