From Breakingviews - Robin Hood tariff could curb airline emissions
An airplane drops fire retardant on the Chuweah Creek Fire as wildfires devastate Nespelem in eastern Washington state, U.S., July 14, 2021. REUTERS/David Ryder
Synthetic fuel, such as e-kerosene made from green hydrogen, doesn’t suffer from that problem. But it is even more expensive, costing seven to ten times the price of conventional jet fuel. The process of creating green hydrogen by electrolysing water with renewable energy and then combining it with carbon dioxide is also inherently complex. As fuel accounts for aroundThere are three ways to get the industry to switch. The first is to subsidise sustainable fuels, as the U.S.
So far only the EU, United Kingdom and some smaller countries are doing this via emissions trading schemes . These require airlines to get permits for every tonne of carbon they emit on flights within Europe. These currently cost about 90 euros per tonne. The ICAO did last year agree on an “aspirational” long-term goal of cutting the industry’s emissions to zero by 2050 on a net basis. If governments are serious, they will need a plan to hit this target.
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