Environmental Impact
External costs, also referred to as hidden costs, are quantifications of the environmental and climate impacts of air transport. Whilst setting a financial value on all such impacts is difficult to do precisely, figures have been produced for the most significant. In 2000 the government valued the annual cost of climate change induced by greenhouse gas emissions from UK air transport at £1.4 billion, rising to £4.8 billion per annum by 2030. The impact of noise was costed at around £25 million per annum in 2000, and for the same year the impact on air quality was costed at between £119 million and £236 million per annum. Based on figures produced by the European Environment Agency the AEF has calculated a much higher total external cost for 2000 of around £6 billion.
Read more about this topic: Environmental Impact Of Aviation In The United Kingdom
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—Ronald Reagan (b. 1911)