Lesson learned from the US is being applied in Europe’s cap and trade system
07.01.2011
| Wright, Tim L., HP, Sweden
Keywords:
[environment]
[greenhuose gas]
[aviation fuel]
[jet fuel]
[cap and trade]
[Europe]
[poweri]
[distillates]
[marine fuel]
The economic pressures that have progressively ring-fenced oil products for the transportation sector over the last 40 years are about to get a significant boost from Europe’s new world-spanning carbon-trading system. The extraordinary, energy-dense liquids that the oil industry mines and refines are going to find their way to applications in which there really is no alternative. That’s now particularly so for the global long-haul aviation industry, a concentration of large-volume refining industry end-users, which joins the European Emissions Trading System (ETS) on Jan. 1, 2012.
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