Monday, 27 September 2010

Well screw you too....

Apparently, according to Jo Nova's blog, there's an EU Directive to the effect that if other countries do not take on the whole Cap 'n Trade / Emissions Trading malarkey by 2012 then their airlines will not be allowed in EU airspace.

This is intelligent isn't it? Or rather it's life Jim, but not as we know it. In order to enter EU airspace, Airlines will have to purchase a 'Licence to pollute', the cost of which they will pass on to the travelling, importing / exporting rest of humanity. Great say I, another pointless increase in the cost of getting around. Another witless and unnecessary bar to commerce. No doubt other countries will demand some kind of reciprocal agreement, charging European Airlines a fee to enter their airspace. Guess who gets handed the bill? Us. The travelling plebs. As usual.

There are so many things wrong with this Directive, that it makes me sweat just to think about it. Mind you, I can see the opportunities too.

Say the EU is stupid enough to implement this half assed nonsense, would other countries reciprocate with their own ban on EU aircraft? The USA and Canada might, which means some kind of halfway house would need to be established where airlines from North America and Europe could land and transfer. Iceland maybe? Great for the Icelanders as they would get to rake in all those juicy landing fees from both sides of the pond. Not to mention the stopovers. Not so good for those with business or holiday homes either side of the Atlantic. Are you a UK citizen with a holiday home near Disneyworld? Oh dear. The cost / logistics of flying will get more complicated / expensive from 2012 onwards.

Thinking about it, there must be vested interests from Frankfurt to Paris desperate to recoup their losses on Carbon Trading, which at the last look was pretty much flatlining. Especially over at the Chicago Exchange, which laid half it's staff off earlier this summer. One suspects that the situation in Europe isn't that much better. If a market crashes from say $7 per unit to .05 a unit inside eighteen months, then someone, somewhere has lost big time. I understand the carbon trading market is heavily subsidised, although I'm not sure how much sense that makes, economically speaking; yet sometime a line has to be drawn under a project. A decision has to be made not to waste any more money on a dead duck, but threatening this kind of ban is like pointing a 12 Gauge shotgun at your own foot and loosing off both barrels.

Last night Mrs S and I were watching a documentary about Ireland, and she pointed at the screen and said; "Bill, that's where we're going for our Wedding Anniversary." At the time I agreed with enthusiasm. This morning, I'm not so sure.

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