NEF analysis suggests huge future costs to taxpayer of Southampton…

nef-analysis-suggests-huge-future-costs-to-taxpayer-of-southampton…

NEF analysis suggests huge future costs to taxpayer of Southampton…

NEF analysis suggests huge future costs to taxpayer of Southampton airport and its flights
2022-02-04 10:58:00
New analysis by the New Economics Foundation (NEF) has calculated the cost to society of the carbon emissions generated by UK aviation, and UK airports. These are the costs of the impacts of an altered climate, on infrastructure, extremes of weather, water and energy etc. NEF has used the new carbon values, set out by the government in September 2021. Instead of costing the societal damage done by 1 tonne of carbon at a bit of £70, the price has been put at between a low of £124 to £240 as a medium price, for 2022. Those numbers rise steeply up to 2050 (prices after that have not been considered).  That means most airport expansion schemes, including Southampton’s, are likely not to be viable, and the economics need to be re-calculated. For Southampton, NEF says that just looking at the 2021 prices, the carbon cost to society would not be £421 million (2025 – 2050) by more like £921. And of the £921 only £212 million would be paid in traded emissions. That leaves £742 which would be the cost to the taxpayer – as the cost of an expanded Southampton airport, with more flights and more passengers. .Tweet   Think tank: Airport expansion will cost you £742 million by Stephen Slominski  (Eastleigh News) January 28, 2022 New analysis shows planning application underestimated true cost of carbon clean up says New Economic Foundation Eastleigh’s Councillors approved the extension of the airport runway north towards the town centre – Pic: Google Earth. An Independent national think-tank says the cost of cleaning the extra carbon emissions generated at Southampton Airport as a result of extending its runway has been underestimated and will end up costing tax-payers £742 million. The New Economics Foundation has released its latest analysis using new government guidance which they say shows the true climate cost of Eastleigh Borough Council’s decision to green light airport expansion plans in April last year. Since then, NEF say the climate costs of the plan have more than doubled. As a result, the planning application is now based on out-of-date estimates of the cost of the climate crisis by not taking account of the government’s uplifted carbon values. The clean-up costs of Southampton’s airport expansion says the foundation, have now more than doubled, from £421 million to £954 million but only 22% of it will be paid for by the aviation industry. The remaining £742 million, the think-tank warns, will have to be paid for by the tax-payer. Alex Chapman, researcher at the New Economics Foundation, said: In light of this new evidence all active UK airport expansions should immediately be paused, and re-evaluated in line with the new guidance. In addition, loopholes in current carbon taxes should be closed, and a Frequent Flyer Levy introduced to make sure the costs of cutting carbon emissions are passed on to the biggest polluters and the wealthiest in our society. The latest NEF report can be found here. Eastleigh Borough Council’s decision to grant permission to Southampton Airport is currently facing a legal challenge. Campaigners opposed to airport expansion who are waiting for a date for a Judicial Review have almost crowdfunded £100,000 in total to cover the cost. https://www.eastleighnews.co.uk/2022/01/think-tank-airport-expansion-will-cost-you-742-million/ . Old 2020 departing emissions value (£m) New 2021 departing emissions value (£m) Increase factor Status Heathrow 24,998 49,212 2.0 Approved by parliament and courts, awaiting application Gatwick 4,502 9,196 2.0 Development consent order application process started Luton 2,615 5,231 2.0 Application for first stage submitted, second stage pending Manston 2,495 5,131 2.1 Secretary of state for transport redetermining application Stansted* 1,091 2,402 2.2 Application approved at appeal Southampton 421 954 2.3 Application approved by Eastleigh Borough Council Leeds Bradford 423 913 2.2 Application approved by council but paused by secretary of state Bristol 294 645 2.2 Awaiting outcome of planning appeal following council rejection Cost of emissions from departing flights (£m) Forecast price paid for traded emissions (£m) Proportion of climate cost paid Implied cost to wider society and taxpayer (£m) Heathrow 49,213 7,401 15.0% 41,812 Gatwick 9,196 634 6.9% 8,562 Luton 5,231 1,367 26.1% 3,864 Manston 5,131 1,292 25.2% 3,840 Stansted 2,402 559 23.3% 1,843 Southampton 954 212 22.2% 742 Leeds Bradford 913 220 24.1% 693 Bristol 645 151 23.4% 494 Total: 73,685 11,836 16.1% 61,850 Source: NEF analysis of Department for Transport, and planning documents submitted by Gatwick airpo

Read More


Share this post