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 On ANN

ADR 02.20.17

Airborne 02.20.17

Airborne 02.21.17

Airborne 02.22.17

Airborne 02.23.17

Airborne 02.17.17

Airborne-HD On YouTube

ADR 02.20.17

Airborne 02.20.17

Airborne 02.21.17

Airborne 02.22.17

Airborne 02.23.17

Airborne 02.17.17

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

Airborne 02.21.17: NASA 'Space Poop' Challenge, Drone Advisory, Boeing

Also: Alphabet Balloons, Aero-Calendar, DJI-AMA, Solar Research, Dreamliners, F-35, ALPA NASA Johnson Space Center, in partnership with NASA Tournament Lab and online crowdsourcing>[...]

Airborne 02.20.17: B787-10 Rollout, MultiGP Drone Racing, NIMBYs v Montauk

Also: Wright Prop, Full Stop!, Airbus Sued, Ellen Ochoa, Wright Trophy, New Embraer CEO, Bel Air AW189s The Boeing 787-10 Dreamliner, the third member of the 787 Dreamliner family,>[...]

Airborne 02.21.17: NASA 'Space Poop' Challenge, Drone Advisory, Boeing

Also: Alphabet Balloons, Aero-Calendar, DJI-AMA, Solar Research, Dreamliners, F-35, ALPA NASA Johnson Space Center, in partnership with NASA Tournament Lab and online crowdsourcing>[...]

AMA Drone Report 02.20.17: DJI & AMA Team Up, MultiGP, Drone Advisory Committee

Also: Another Dumb FL Drone Law, AMA Expo East!, Spaceport America Drone Summit DJI and AMA have launched a joint program to promote safe and responsible drone operations, train pu>[...]

ANN's Daily Aero-Linx (02.22.17)

Premier Race Gates Premier Kites has begun manufacturing premium gates for FPV drone racing. One of the company's kite designers working with PremierRC, Wayne Brunjes, was also an >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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