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






Airborne On ANN

Airborne 11.23.15

Airborne 11.24.15

Airborne 11.25.15

Airborne 11.19.15

Airborne 11.20.15

Airborne Hi-Def On YouTube

Airborne 11.23.15

Airborne 11.24.15

Airborne 11.25.15

Airborne 11.19.15

Airborne 11.20.15

EAA/ANN AirVenture Innovation Preview

AIP-#1 Vimeo

AIP-#2 Vimeo

AIP-Part 1 YouTube

AIP-Part 2 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.



More News

Blue Origin Makes History, But Is The System Practical?

Only Time Will Tell If The Booster Is Truly Reusable On November 23, 2015 Blue Origin achieved a first in rocketry and spaceflight history when their New Shepard launch vehicle suc>[...]

ANN Wishes Our Readers, Listeners And Viewers A VERY Happy Thanksgiving Holiday

Yes... We Will Be On A Holiday Schedule For The Rest Of Week As the Aero-News staff observes the US holiday of Thanksgiving on Thursday, we wanted to let our readers know that ANN >[...]

Airborne 11.25.15: Blue Origin Reusable Rocket!, AMA Reacts, Transgender Pilots

Also: UK CAA, E-Fest 2015, Citizens In Space, Gulfstream G500, Dassault Falcon Jet, CFM LEAP-1A, Tuskegee's Milton Crenchaw ANN Airborne Link: /index.cfm?do=video.playVideo&vid>[...]

ANN FAQ: Disqus

A Powerful New Tool For You To Use For Your Aero-Conversations Want to start a conversation about a story you've seen on Aero-News? It's even easier with Disqus, a powerful, web-ba>[...]

Airborne 11.24.15: UAV Registration Woes, Sennheiser Bails, Poberezny Honors

Also: Hybrid Airship, Aero-Calendar, NAHF2016, R1 Airlines, Pro Line Fusion For CJ3, ERAU Prescott, Quest Kodiak ANN Airborne Link: /index.cfm?do=video.playVideo&videoid=3c2451>[...]

blog comments powered by Disqus





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