Airline industry faces carbon costs of $1.56 billion per year in EU in 2012 without emissions control

In the EU, a new report from RDC Aviation and Point Carbon concluded that the the airline industry will face carbon credit costs of $1.54 billion per year starting in 2012, based on the current carbon spot price of $20.26 per tonne. That year, the industry will enter the EU Emissions Trading Scheme.

The report warned that costs could soar even higher if carbon prices rise as expected. The report was based on airline emissions between 2004 and 2006, and the EU’s proposed emissions scheme. British Airways, Delta Air Lines and United Airlines have the largest emissions exposure.

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