Emissions Trading Scheme.
To some, the first thought that comes to mind is that ETS will reduce carbon emissions and therefore, decrease ozone depletion. To others, the first thought that comes to mind is COST. Currently, Europe requires all carriers to comply by 2012. In response, the US has a bill (HR 2594) in the house that would actually prohibited US carriers from participating in the EU ETS.
Please address the following in your post:
-Explain ETS - how it works, how the collected money is allocated
-What is the conflict between the EU and the US on this issue?
-What is the potential impact to the US aviation industry if US carriers are forced to participate?
-Do non-carriers, such as US corporate operators, have to participate?
Finally, what do you think? Should US carriers be required to participate? If so, how? As it is currently laid out or a modified version? If you believe that US carriers should participate in some way, how should the collected money be allocated?
In addition to the article passed out in class, please read this brief description about a company, Universal, who is preparing to meet the demands that ETS may have on US carriers.
Also, please don't forget to email me your comments. Have a good week!
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