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
- Driving Energy Efficiency by Improving the Owner/Tenant Relationship
- Case Study: Fast Payback in New York City
- $8M Project to Upgrade Chillicothe (OH) Correctional Institute
- Three Trends Align to Save Buildings Millions in Energy Costs
- Law Bars Energy Providers from Charging Early Termination Fees in the Event of Death
- Corporations Spend Big on Ballot Initiatives, Crushing Ratepayer Opposition
- Texas Retailer Offers Instant Rebate for Rooftop Solar, Offers High Credits for Excess Solar
- Local, State and the Federal Government Excel at Energy Efficiency