The impact of the European Union Emissions Trading Scheme on US aviation
We estimate the economic impacts on US airlines that may arise from the inclusion of aviation in the European Union Emissions Trading Scheme from 2012 to 2020. We find that the Scheme would only have a small impact on US airlines and emissions, and that aviation operations would continue to grow. If...
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| Veröffentlicht in: | Journal of air transport management 2012-03, Vol.19, p.36-41 |
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| container_end_page | 41 |
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| container_title | Journal of air transport management |
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| creator | Malina, Robert McConnachie, Dominic Winchester, Niven Wollersheim, Christoph Paltsev, Sergey Waitz, Ian A. |
| description | We estimate the economic impacts on US airlines that may arise from the inclusion of aviation in the European Union Emissions Trading Scheme from 2012 to 2020. We find that the Scheme would only have a small impact on US airlines and emissions, and that aviation operations would continue to grow. If carriers pass on all additional costs, including the opportunity costs associated with free allowances, to consumers, profits for US carriers will increase. Windfall gains from free allowances may be substantial because, under current allocation rules, airlines would only have to purchase about a third of the required allowances. However, an increase in the proportion of allowances auctioned would reduce windfall gains and profits for US airlines may decline.
► We estimate how US airlines will be impacted by the inclusion of aviation into the EU Emissions Trading Scheme. ► We find that the Scheme would only have a small impact on US airlines. ► The analysis shows that aviation operations and emissions would continue to grow. |
| doi_str_mv | 10.1016/j.jairtraman.2011.12.004 |
| format | Article |
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| fulltext | fulltext |
| identifier | ISSN: 0969-6997 |
| ispartof | Journal of air transport management, 2012-03, Vol.19, p.36-41 |
| issn | 0969-6997 1873-2089 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_923193984 |
| source | Elsevier ScienceDirect Journals Complete |
| subjects | Aeronautics Airline operations Airlines Allowances Aviation Carbon emissions trading Current carriers Emissions control European air transport policy Gain US airline industry |
| title | The impact of the European Union Emissions Trading Scheme on US aviation |
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