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

Oshkosh Day One

Oshkosh Day Two

Oshkosh Day Three

Airborne 07.21.16

Airborne 07.22.16

Airborne Hi-Def On YouTube

Oshkosh Day One

Oshkosh Day Two

Oshkosh Day Three

Airborne 07.21.16

Airborne 07.22.16

Tweet Us The Coolest Things You See @OSH16!
#OSH16Coolest!

It's Alive!: AirVenture 2016 Innovation Preview on Vimeo!

It's Alive!: AirVenture 2016 Innovation Preview on YouTube!

 

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 07.26.16-Oshkosh Day 2: Solar Impulse, Sun Flyer, Stemme S-12

Also: AEA $$Giveaway$$, LAM Aviation, Able Flight, Jack Pelton On Aero-Medical Reform We start our report this morning with something that has very little to do with the EAA AirVen>[...]

ONE Aviation Provides Singular Support For Coverage of AirVenture 2016!

ONE Aviation: Let’s Fly Together ONE Aviation delivers innovative access to general aviation by bringing together a line of products suited to the missions and budgets of ind>[...]

It's ALIVE! 2016 AirVenture Innovation Preview Program Debuting RIGHT NOW!

Get The EARLY Inside Details On THE Most Exciting NEW Innovations And Product Announcements From OSHKOSH... The staff of EAA and the Aero-News Network are pleased to announce that >[...]

Only Sporty's!!! Sporty's Pilot Shop Helps ANN Cover Oshkosh 2016!

Sporty's Pilot Shop Is A Pivotal GA Resource! Sporty’s Pilot Shop was founded over 50 years ago by a flight instructor, and ever since has been for pilots and by pilots. Hal >[...]

Aspen Avionics, True Innovators, Present OSH2016 Special Event Coverage!

OSH2016 Sponsor: Always-Innovative Aspen Avionics Based in Albuquerque, New Mexico, Aspen Avionics specializes in bringing the most advanced display and sensor technology from the >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2016 Web Development & Design by Pauli Systems, LC