ATA: U.S. Industry, Economy Could Lose Billions Due To Unlawful EU ETS | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

AMA Drone Report

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday

Airborne-Thursday

Airborne-Friday

Airborne-Unmanned w/AUVSI

Airborne On ANN

AMA 04.27.17

Airborne
04.24.17

Airborne
04.25.17

Airborne
04.26.17

Airborne
04.27.17

Airborne
04.28.17

Airborne-Unmanned 04.25.17

Airborne-YouTube

AMA 04.27.17

Airborne
04.24.17

Airborne
04.25.17

Airborne
04.26.17

Airborne
04.27.17

Airborne
04.28.17

Airborne-Unmanned 04.25.17

Fri, Jul 29, 2011

ATA: U.S. Industry, Economy Could Lose Billions Due To Unlawful EU ETS

Estimates U.S. Airlines Will Pay $3.1 Billion To EU By 2020

The ATA said Thursday that the illegal European Union (EU) Emissions Trading Scheme (ETS) could cost the U.S. airline industry more than $3 billion through 2020, if the extraterritorial cap-and-trade requirements are implemented as planned next year.

"The EU ETS violates international law, including the sovereignty of the United States and imposes an illegal, exorbitant and counterproductive tax on U.S. citizens, diverting U.S. dollars and threatening thousands upon thousands of jobs," said ATA Vice President, Environmental Affairs Nancy Young in testimony before the House Transportation and Infrastructure Subcommittee on Aviation. "Working with industry, continued U.S. Government opposition is crucial to bringing the EU back to the global negotiating table."

According to ATA estimates, the U.S. airlines will be required to pay more than $3.1 billion into EU coffers between 2012 and year-end 2020. That outlay could support more than 39,200 U.S. airline jobs. The costs could double if the cost of carbon allowances escalates as it has in recent years. "None of the monies collected by the Europeans are required to be used for environmental purposes. By contrast, the initiatives that the U.S. airlines are undertaking are resulting in real environmental improvements," Young said.

U.S. airlines have dramatically improved fuel efficiency and reduced greenhouse gas (GHG) emissions by investing billions of dollars in fuel-saving aircraft and engines, innovative technologies like winglets and advanced avionics. Accordingly, the U.S. airline industry improved its fuel efficiency by 110 percent between 1978 and 2009, resulting in carbon dioxide savings equivalent to taking 19 million cars off the road each of those years. The industry represents just 2 percent of all U.S. GHG emissions while driving more than 5 percent of the nation's gross domestic product.

FMI: www.airlines.org

Advertisement

More News

AMA Drone Report 04.27.17: Kitty Hawk Flyer, College Drones, DJI VR Goggles

Also: Airborne at XPONENTIAL, AMA On Mil-Airspace, Canadian Drones, AMA Legislative Efforts With an appearance not all that different than many of the multi-copters we’re all>[...]

AUVSI and Aero-News Announce Live Webcast Schedules for XPONENTIAL 2017

The World's Greatest Gathering Of 'All Things Unmanned' Will Get Expert Live Coverage! The Association for Unmanned Vehicle Systems International (AUVSI) and their "Airborne-Unmann>[...]

Airborne-Unmanned 04.25.17: UAS Broadcast, College Drone Racing, XPO17 LIVE!

Also: Aeryon Labs, Northrop Grumman, XTAR Connectivity, Bowling Green Drones The broadcast platforms of tomorrow may well be unmanned... and 360 Designs has just introduced the Fly>[...]

Airborne 04.27.17: HondaJet Records, More UAL Fallout, Avenger Gathering

Also: Peggy Whitson!, AUVSI 2017 Live, Air Medical Group, Canadian Airports, GLO Bankrupt, WestJet, Second T-X A HondaJet has officially secured its first speed records over two re>[...]

Airborne 04.28.17: Perlan Mission II, DJI VR Goggles, Pilot... NOT!

Also: American Airlines, Airborne-NextGen, Biofuel, ATR 72-600, Gogo, Drone Drive, L3 Aviation Airbus Perlan Mission II, an initiative to fly a glider to the edge of space to colle>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC