Airbus SE logo

AIR - Airbus SE News Story

€96.9 0.0  0.0%

Last Trade - 17/05/21

Sector
Industrials
Size
Large Cap
Market Cap £65.44bn
Enterprise Value £67.73bn
Revenue £42.76bn
Position in Universe 14th / 850

UPDATE 1-U.S. EPA finalizing first-ever airplane emissions rules

Mon 28th December, 2020 3:01pm
(Adds more details, background)
    By David Shepardson
    WASHINGTON, Dec 28 (Reuters) - The U.S. Environmental
Protection Agency (EPA) on Monday will finalize the first-ever
proposed standards regulating greenhouse gas emissions from
airplanes, a spokeswoman told Reuters.
    The EPA said in July its proposed requirements for airplanes
used in commercial aviation and for large business jets would
align the United States with international standards. In 2016,
the U.N. International Civil Aviation Organization (ICAO) agreed
on global airplane emissions standards aimed at makers of small
and large planes, including Airbus SE  AIR.PA  and Boeing Co
 BA.N , which both have backed the standards. Critics say the
agency should have required tougher emissions rules.
     The EPA said in July the proposed requirements would apply
to new-type designs as of January 2020 and to in-production
airplanes or those with amended type certificates starting in
2028.
    The EPA said Monday it anticipates nearly all affected
airplanes to be compliant by the effective dates.
    In October, a group of 11 states and the District of
Columbia urged the EPA to strengthen the first-ever proposed
standards.
    The state attorneys general joining the letter included
California, Connecticut, Illinois, Maryland, Massachusetts,
Minnesota, New Jersey, New York, Oregon, Vermont and Washington.
    The 11 states and the District of Columbia said the EPA
proposal issued in July would "lag existing technology by more
than 10 years and would result in no GHG (greenhouse gases)
reductions at all compared to business-as-usual."
    The airplanes covered by the proposed rule accounted for 10%
of all U.S. transportation greenhouse gas emissions and 3% of
total U.S. emissions. They have been the largest source of
transportation greenhouse gas emissions not subject to rules.
    EPA Administrator Andrew Wheeler said in July the proposal
was based on "where the technology is today ... You can't really
set the standard that can't be met."
    Under former President Barack Obama, the EPA in 2016
declared that aircraft emissions posed a public health danger.


   

 (Reporting by David Shepardson; Editing by Steve Orlofsky)
 ((David.Shepardson@thomsonreuters.com; 2028988324;))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.