WHY AIRLINES SHOULD BE AFRAID: THE POTENTIAL IMPACT OF CAP AND TRADE AND OTHER CARBON EMISSIONS REDUCTION PROPOSALS ON THE AIRLINE INDUSTRY

摘要

Climate change policymakers and the aviation industry share the very same goals-to reduce emissions of GHGs, especially CO_2. What differ are the reasons and the means for achieving this goal: policymakers want to stop global warming by reducing emissions, and the aviation industry wants to reduce costs through increased fuel efficiency (which has the incidental effect of reducing emissions). By not considering and adequately addressing the unique set of challenges facing the aviation industry, current climate change legislation, especially cap and trade, faces the risk of hampering both its own and aviation's ability to reach their shared goal of reducing emissions.