ENVIRONMENTAL COSTS IN EUROPEAN AVIATION
In order to judge the merits of alternative resource allocations in markets where externalities are present, it is necessary to place monetary values on external effects. In this study, estimates of environmental costs are calculated in a set of 36 European airline markets. Costs are calculated for noise, air pollution and accident risk using data on aircraft emissions, exposure-response parameters and economic valuation of environmental goods. The "medium value" cost estimate is 0.0201ECU per passenger-km. This result suggests that environmental costs represent only a small faction (2.5%) of the internal cost of aviation as measured by the average ticket price. Noise costs are the dominant environmental cost at some 75% of the cost total. The medium estimates are sensitive to changes in the various assumptions in the pathways: low and high estimates are three times lower and five times higher, respectively, than the medium estimate. Results also suggest that there are environmental economies of scale in air transport. It is also shown that Chapter 2 aircraft are about four times more environmentally costly than Chapter 3 aircraft. Pricing environmental externalities will therefore stimulate the use of newer aircraft by airlines.
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Availability:
- Find a library where document is available. Order URL: http://worldcat.org/oclc/29485010
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Corporate Authors:
The Boulevard, Langford Lane
Kidlington, Oxford United Kingdom OX5 1GB -
Authors:
- Schipper, Y
- Publication Date: 2004-4
Language
- English
Media Info
- Features: Appendices; Figures; References; Tables;
- Pagination: p. 141-154
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Serial:
- Transport Policy
- Volume: 11
- Issue Number: 2
- Publisher: Elsevier
- ISSN: 0967-070X
- Serial URL: http://www.elsevier.com/locate/issn/096707X
Subject/Index Terms
- TRT Terms: Air pollution; Air transportation; Air transportation crashes; Aircraft; Airlines; Aviation; Costs; Economies of scale; Environmental impact analysis; Externalities; Noise; Pollutants; Pricing; Risk analysis; Valuation
- Geographic Terms: Europe
- Subject Areas: Aviation; Economics; Environment; Finance; Vehicles and Equipment;
Filing Info
- Accession Number: 00974023
- Record Type: Publication
- Files: TRIS
- Created Date: May 13 2004 12:00AM