US Airlines Could Face $9 Billion Carbon Bill In 2020
Proposed U.S. emission-trading legislation could leave airlines with a $9 billion annual bill in carbon costs, FlightGlobal.com reports.
Should the Lieberman-Warner Climate Security Act become law in 2012, the cap and trade proposals would be extremely expensive, Air Transport Association vice-president environmental affairs Nancy Young said during the Aviation & Environmental Summit in Geneva, Switzerland.
The act was introduced in October to establish a domestic greenhouse gas trading scheme that would apply to transportation, electric power and manufacturing.
The association’s analysis shows the proposals would cost $5 billion annually beginning 2012, escalating to $9 billion by 2020, Young said.
In addition to European proposals to include aviation in the existing emission-trading scheme and the Lieberman-Warner initiative, there are 10 major climate change bills before the U.S. Congress that could impact the aviation industry, with another expected soon from Congressmen John D. Dingell (D-Mich.) and Rick Boucher (D-Va.).
At the third annual Aviation and Environment Summit in Geneva April 22 and 23, 2008, airlines, airports, and aircraft makers pledged for the first time to cut their emissions.
Energy Manager News
- Energy Manager Today Product & Project of the Year Award Winners Announced
- Mobility, The IoT Gradually Transform HVAC
- Bill Gates-Led Group, India Establishing Energy Funds
- CMU Energy Efficiency Efforts Save $10M in 7 Years
- Microgrids, Now Mainstream, Continue to Advance
- Developing Economies Increasing their Share of Renewable Capacity
- LG Chem In Big German Battery Project
- ERC: Electricity Price Trends for the Week Ending Nov. 20