Analyzing the EU ETS, Challenges and Opportunities for Reducing Greenhouse Gas Emissions from the Aviation Industry in Europe
Sustainability (Switzerland), cilt.15, sa.24, 2023 (SCI-Expanded, SSCI, Scopus)
- Yayın Türü: Makale / Tam Makale
- Cilt numarası: 15 Sayı: 24
- Basım Tarihi: 2023
- Doi Numarası: 10.3390/su152416874
- Dergi Adı: Sustainability (Switzerland)
- Derginin Tarandığı İndeksler: Science Citation Index Expanded (SCI-EXPANDED), Social Sciences Citation Index (SSCI), Scopus, Aerospace Database, Agricultural & Environmental Science Database, CAB Abstracts, Communication Abstracts, Food Science & Technology Abstracts, Geobase, INSPEC, Metadex, Veterinary Science Database, Directory of Open Access Journals, Civil Engineering Abstracts
- Anahtar Kelimeler: aviation industry, business tourism spending, capital investment in tourism and travel, EU ETS, greenhouse gas emissions
- Boğaziçi Üniversitesi Adresli: Evet
Özet
The aviation industry’s contribution to global greenhouse gas (GHG) emissions has been on an unsteady rise for the past few decades. This paper aims to identify the determinants of increasing GHG emissions in Europe in a dynamic panel setting, paying specific attention to the role of the European Union Emissions Trading System (EU ETS). Unlike previous studies, this paper proposes business tourism spending and capital investment in the tourism and travel industry as explanatory factors together with GDP per capita and jet fuel consumption. Unexpectedly, the EU ETS coverage is found to have an increasing role for GHG emissions from international aviation in countries where the system is put into effect. The results suggest that a more targeted emissions reduction policy needs to be implemented in order to mitigate aviation emissions in the region.