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Airline Emissions of Carbon Dioxide in the European Trading System. ESRI WP179. January 2007

Fitz Gerald, John and Tol, Richard S.J. (2007) Airline Emissions of Carbon Dioxide in the European Trading System. ESRI WP179. January 2007. [Working Paper]

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    Abstract

    A simulation model of international tourist flows is used to estimate the impact of including carbon dioxide emissions from aviation fuels in the European Trading System. The effect on global carbon dioxide emissions from international aviation is minimal: -0.01% at current permit prices, and –0.13% for the aggressive climate policy advocated by the Stern Review. In the latter case, total CO2 emissions from fossil fuels would fall by 0.004%, and total greenhouse gas emissions by 0.002%. Tourist numbers in Europe would fall by up to 0.6%, and would increase in the rest of the world. If the permits are grandparented, the airlines would receive a subsidy of €3 bln at current prices, and €40 bln for the Stern policy. If permits are auctioned, the effect on the airline industry would be minimal. Including aviation in the market for emission permits has almost no effect on the environment and may have a negative effect on the economy.

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    Item Type: Working Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > environmental policy (including international arena)
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Depositing User: Alyssa McDonald
    Official EU Document: No
    Language: English
    Date Deposited: 12 Mar 2018 15:10
    Number of Pages: 9
    Last Modified: 12 Mar 2018 15:10
    URI: http://aei.pitt.edu/id/eprint/87694

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