NEF analysis indicates the CO2 from Gatwick expansion could cost…

nef-analysis-indicates-the-co2-from-gatwick-expansion-could-cost…

NEF analysis indicates the CO2 from Gatwick expansion could cost…

NEF analysis indicates the CO2 from Gatwick expansion could cost taxpayers £8.5 billion up to 2050. 
2022-01-31 18:51:00
New analysis from the New Economics Foundation has calculated the costs to society of the carbon emissions that airport expansion plans would cause. The “carbon value” used to be a bit over £70 per tonne, but in September 2021 this was increased to £124 per tonne, and it will keep rising.  So the figures airports have put forward, for the positive economic impact of their expansion are now entirely out of date.  Almost the only carbon costs the aviation industry pays is for carbon through the UK ETS, which only covers flights within the EU.  Not flights anywhere else in the world.  The Gatwick cost of emissions from departing flights is calculated by NEF  to be £9.196 billion, rather than £4.502 billion at the lower, out of date, price – for the period between 2025 – 2050. They put the forecast price paid for traded emissions at £634m. So the proportion of climate cost paid would only be 6.9% which implied cost to wider society and taxpayer at £8.562 billion.  That is the cost to society of the climate impact of the higher carbon emissions caused by more Gatwick flights.  .Tweet   PUBLIC TO FOOT £62BN BILL FOR CLIMATE DAMAGE FROM AIRPORT EXPANSIONS Aviation industry will only pay for 16% of the emissions clean-up costs of UK airport expansions 27 JANUARY 2022 NEF, the New Economics Foundation, finds a £62bn carbon giveaway as the aviation industry will only pay for 16% of climate change from eight ongoing airport expansion projects including Gatwick Airport plans to rebuild the emergency runway as a second runway. The author of the report, Alex Chapman, found that using the updated carbon value (BEIS 2021 carbon values) would ‘wipe out the majority of the benefit claimed by Gatwick Airport’ in relation to expansion plans. “This must now seriously question Gatwick plans for expansion and the results of the public consultation as decisions were based on flawed data according to this new report,” said CAGNE, the umbrella aviation community group for Sussex, Surrey, and Kent.  “Residents have participated in a consultation that did not tell the truth to the impact on our planet as the figures were out of date according to this report. “ “Local authorities are required to make use of the government’s updated carbon values to inform their decisions as such these findings must bring serious questions to how any elected body can support Gatwick Airport 2nd runway and how this public consultation results be seen as genuine feedback.” The report finds that at Gatwick Airport having just conducted a public consultation on the proposed expansion presented to the public in the consultation documents out of date carbon values (BEIS 2018 carbon values) to dramatically underestimate their schemed climate cost. In a climate emergency, any project or policy which creates new greenhouse gas emissions comes at great cost to society.  We either suffer the consequences of deeper ecological collapse, or someone, somewhere, must ‘clean up’ those gases. Gatwick Airport figures drastically change from £4,500m on old departing emissions values compared to 2021 new departing emissions values which show £9,196m. So, the Gatwick Airport cost of emissions from departing flights was stated at £9,196m, with the forecast price paid for traded emissions at £634m thus the proportion of climate cost paid would only be 6.9% which implied cost to wider society and taxpayer at £8,562m. Now that the government carbon values have been updated decision to date have been made based on a grossly underestimate cost to the climate and our society says the report There are eight airport expansion projects which are actively in legal planning procedures, ranging from projects in their early consultation such as Gatwick to projects which have been approved. As with Gatwick, airports have been reluctant to present how much their schemes will really cost in climate damage.  Where they do, they typically only present the costs of emissions resulting from departing flights. Alex Chapman, researcher at the New Economics Foundation, said: “More than two years on from adopting our 2050 net-zero target, the government has finally updated its estimates of how much it will cost to clean up greenhouse gas emissions from any new infrastructure projects. The huge increase means that decisions have been made, including on eight proposed airport expansions, on the basis of grossly underestimated costs to the climate and our society. Only 16% of the £74bn tab for cl

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