The European Union (EU) has announced plans to levy a tax on airline emissions for all planes landing and taking off from EU airports. A panel of experts gathered at AEI on Thursday to discuss both the benefits and the drawbacks of this EU tax. Felix Leinemann of the EU Energy and Environment Section Delegation began by discussing the EU’s rationale for imposing such a tax. He explained that the aviation community has not reduced its emissions since 1990 — it has actually doubled them. This is troubling due to the fact that the aviation market is expected to increase its size by 100 percent by 2020 and has projections to grow by 300 percent by 2050.
Ken Green of AEI discussed airplane fuel emissions from a scientific point of view, and pointed out that an Emission Trading System (ETS) — a scheme that allows companies with extra emissions credit to trade those credits — hinges on the idea of a lower cost alternative. This “lower cost alternative” to reducing emissions, however, is in fact a higher cost solution with negative environmental tradeoffs.
See full Article.
Monday, July 09, 2012
The first carbon trade war? The EU vs. the world
The European Union (EU) has announced plans to levy a tax on airline emissions for all planes landing and taking off from EU airports. A panel of experts gathered at AEI on Thursday to discuss both the benefits and the drawbacks of this EU tax. Felix Leinemann of the EU Energy and Environment Section Delegation began by discussing the EU’s rationale for imposing such a tax. He explained that the aviation community has not reduced its emissions since 1990 — it has actually doubled them. This is troubling due to the fact that the aviation market is expected to increase its size by 100 percent by 2020 and has projections to grow by 300 percent by 2050.
Ken Green of AEI discussed airplane fuel emissions from a scientific point of view, and pointed out that an Emission Trading System (ETS) — a scheme that allows companies with extra emissions credit to trade those credits — hinges on the idea of a lower cost alternative. This “lower cost alternative” to reducing emissions, however, is in fact a higher cost solution with negative environmental tradeoffs.
See full Article.
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