scholarly journals The Impact of Climate Change Policy on Competition in the Air Transport Industry

Author(s):  
Peter Forsyth
2018 ◽  
Vol 13 (6) ◽  
pp. 064039 ◽  
Author(s):  
Xiang Gao ◽  
C Adam Schlosser ◽  
Charles Fant ◽  
Kenneth Strzepek

2019 ◽  
Vol 8 (02) ◽  
pp. 349-377 ◽  
Author(s):  
Yue Zhao ◽  
Shuang Lyu ◽  
Zhu Wang

AbstractWhile legal scholarship seeks mainly to assess the impact of climate change litigation (CCL) on the regulatory state and on climate change policy in common law countries, the potential influence of government climate policy on the judicial practices of jurisdictions with different legal traditions attracts much less attention. This article fills the gaps by exploring how courts in China, an authoritarian country with a civil law tradition, react to government climate policies and how this judicial response might affect relevant legal rules and eventually contribute to climate regulation. An empirical analysis of 177 Chinese judicial cases reveals that CCL in China consists mostly of contract-based civil actions steered by the government's low-carbon policies. Moreover, although the prospects of CCL against public authorities in China remain very bleak, there is scope for the emergence of tort-based CCL, backed by government policies. In this respect, recent tort-based public interest litigation on air pollution in China may serve as a substitute or, more promisingly, a gateway to the emergence of a tort-based branch of Chinese CCL.


2021 ◽  
Vol 14 (12) ◽  
pp. 597
Author(s):  
Yevheniia Antoniuk ◽  
Thomas Leirvik

The green bond market develops rapidly and aims to contribute to climate mitigation and adaptation significantly. Green bonds as any asset are subject to transition climate risk, namely, regulatory risk. This paper investigates the impact of unexpected political events on the risk and returns of green bonds and their correlation with other assets. We apply a traditional and regression-based event study and find that events related to climate change policy impact green bonds indices. Green bonds indices anticipated the 2015 Paris Agreement on climate change as a favorable event, whereas the 2016 US Presidential Election had a significant negative impact. The negative impact of the US withdrawal from the Paris agreement is more prominent for municipal but not corporate green bonds. All three events also have a similar effect on green bonds performance in the long term. The results imply that, despite the benefits of issuing green bonds, there are substantial risks that are difficult to hedge. This additional risk to green bonds might cause a time-varying premium for green bonds found in previous literature.


2011 ◽  
Vol 2 (1) ◽  
pp. 50-68
Author(s):  
Adeniyi Olufemi Oluwakoya

The effect of globalization is fast showing its attendant effects on the Nigerian aviation industry leading to an increase in passengers’ traffic movement in Nigeria’s airports. More importantly, there seems to be a paradigm shift which affects ownership and administration of operation in the Nigerian aviation industry. This study examines among others the impact of deregulation and liberalization in the Nigerian air transport industry; the effects of the latter on operation and control changes that affect operational efficiency in the airline business; and the impacts of liberalization on attracting foreign direct investment and foreign airline participation in the Nigerian aviation industry. The methodology used for this study is documentary research, which entails search of existing published and unpublished documents and databases of stakeholders in the Nigerian aviation industry and external sources with affinity to the sector. The results of this study reveal that an unprecedented growth has been recorded in Nigeria. It includes among others: healthy competition needed for growth and development; increased participation in the industry by foreign airlines; increased foreign direct investment in the airline business and airport infrastructure development.


2019 ◽  
Vol 19 (292) ◽  
Author(s):  

This Climate Change Policy Assessment (CCPA) takes stock of the Federated States of Micronesia (FSM)’s climate response plans, from the perspective of their macroeconomic and fiscal implications. The CCPA is a joint initiative by the IMF and World Bank to assist small states to understand and manage the expected economic impact of climate change, while safeguarding longrun fiscal and external sustainability. It explores the possible impact of climate change and natural disasters and the cost of FSM’s planned response. It suggests macroeconomically relevant reforms that could strengthen the national strategy and identifies policy gaps and resource needs.


1995 ◽  
Vol 48 (3) ◽  
pp. 319-334
Author(s):  
Andrew Shand

This paper is intended to provide an operator's view of the impact of GPS on the air transport industry. The discussion centres on use of GPS for the en-route, oceanic, terminal area and precision approach phases of flight. In summary the author suggests the following:(i) Inefficient use of airspace is costing the airlines a huge amount of money. However, GPS is not a pre-requisite of a move towards more efficient use of that airspace, although it will be required as part of the eventual CNS/ATM package. In the near term, better usage of current equipment such as IRS and DME, together with the introduction of ADS can provide the required level of accuracy for reduced separation in en-route and oceanic airspace.(ii) There is a real need to provide navigation for non-precision approach worldwide, independent of ground-based infrastructure. This is the area in which GPS can provide the most immediate improvement to safety.(iii) There are still a large number of questions hanging over GPS for precision approach. This leads the author to believe that it will not be capable of replacing ILS for the more critical Cat 2 and 3 applications quickly enough to avoid the loss of these capabilities in some critical locations. For this reason, it is postulated that MLS will be required in Europe, at least. Even if MLS is not required, there will still need to be a means of dealing with the transition away from ILS and for this reason the concept of a multi-mode receiver has been developed.


Author(s):  
Oksana Ovsak ◽  
Maryna Vysotsʹka

The paper is devoted to research of the impact of gradual liberalization of aviation market on the country’s air transport industry development and on formation of external economic components of the country's GDP connected to it directly: export and import of air transport services. The study of the relationship between the operation indicators of air transport and formed external economic effects has been conducted using comparative, correlative and regression analysis based on the statistical data of Ukraine, which has its own air transport industry and is on the path of aviation liberalization. A strong dependence of the export of air transport services on the total number of international flights and its passengers was revealed. This determines the feasibility of tracking the external economic effects in the design of changes on directions and means of further development of country's air transport sector.


2019 ◽  
Vol 1 ◽  
pp. 41-58
Author(s):  
Olha Sushyk ◽  
Daria Rosokhata

The article consists of three parts. Firstly, it introduces the connection between animal and climate change. On the one hand, the impact of agricultural emissions (livestock emissions) on climate change has been introduced. On the other hand, it has been presented that the climate change has a negative impact not only for the humankind, but also for the biodiversity (animals) which have an economic and socio-cultural significance. Th second part provides an analysis of relevant international legal frameworks (UN Climate Change regime) that stipulate specifically in relation to livestock emissions globally and existing legal and policy frameworks in the EU that address livestock emissions, namely the Effort Sharing Decision and the Common Agricultural Policy. Thirdly, the paper focuses on the problem of biodiversity conservation though the signifiant pace of climate change has been regulated by a number of international conventions. EU-wide ecological network is being created in Europe that ensures the preservation of the natural environment of animals and the ways of their migration, regardless of the existing borders of the countries. Climate change is already having adverse effcts on animal and those effects are likely to prove devastating in the future. Nonetheless, the relevant harms to animals have yet to become a serious part of the analysis of climate change policy.


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