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

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 04.20.15

Airborne 04.14.15

Airborne 04.15.15

Airborne 04.16.15

Airborne 04.17.15

Airborne Hi-Def On YouTube

Airborne 04.20.15

Airborne 04.14.15

Airborne 04.15.15

Airborne 04.16.15

Airborne 04.17.15

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 04.17.15: DC Gyroplane Fallout, ICAS Airshow Update, Message To Space

Also: Blue Origin, Flying Cucumber?, BBJ Combi, NetJets Partners w/Ohio State, ExIm Helo Deal, Long-Range Navy UAS Obviously, the stunt pulled by Douglas Hughes of Ruskin, Florida >[...]

Yes! We'll Be There! ANN/Airborne Ready For Lakeland

ANN, Aero-TV, Airborne Unlimited Return to Lakeland E-I-C Note: There really does seem to be a whole new generation at Lakeland, these days... we're not only looking forward to cov>[...]

Aero-News: Quote Of The Day (04.20.15)

“It’s great to see the strong and growing endorsement for the versatile A330 Family. This reflects the market’s continuing appetite for the A330’s winning c>[...]

Congressional Leaders Push For Long-Range Navy UAS

Senator John McCain (R-AZ) One Of The Plan's Strongest Proponents Some Congressional leaders say the Pentagon is taking too cautious an approach in developing unmanned aircraft tec>[...]

Four To Be Inducted Into California Aviation Hall of Fame

Iris Cummings Critchell, Fitz Fulton, Bob Gilliland, And Burt Rutan To Be Honored The Santa Monica based Museum of Flying will host the induction into the California Aviation Hall >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC