The aviation industry has led the strike in getting new levels of fuel-efficiency, struggling to improve lighter plane bodies and prioritizing the invention of greenhouse gas-reducing engines. Despite these promises and commitments, the aviation industry would face a big challenge pursuing to invest in greener technologies under the government system called: cap-and-trade. At the annual Aviation Summit on April 29, top industry representatives met to discuss how aviation is leading the green technology advocacy, and how various cap-and-trade strategic plans would threaten to jeopardize all of what the aviation industry has worked so hard on.
For example, the cost of fuel already shows to be between 30 and 50 percent of private jet travel and the airlines operating expenses; this is already an overwhelming cost that airlines and other industry, including private jet charter, sectors single-handedly worked to decrease fuel-saving advancements and methods. Constituting a stern cap-and-trade system on aviation would force the industry to cut budgets in any way possible, meaning significantly decreased improvement of emissions-reducing technology, further loss of jobs, and higher costs to customers.
There are many ways to allow lower emissions and lessen greenhouse gas concentrations in the environment. We must look for energy policies that do not distract key industries, but advocating their ability to lead the way in the research and improvement of green, clean technology. This means the aviation industry must continue to invest in new planes, new equipment, innovative technology, and alternative fuels.