Published at Tuesday, April 02nd, 2019 - 16:30:34 PM. Type of airline. By Anson Busch.
Despite continuing efficiency improvements from the major aircraft manufacturers the expanding demand for global air travel has resulted in growing greenhouse gas (GHG) emissions. Currently the aviation sector including US domestic and global international travel make approximately 1.6 percent of global anthropogenic GHG emissions per annum. North America accounts for nearly 40 percent of the world s GHG emissions from aviation fuel use. 78
One argument is that positive externalities such as higher growth due to global mobility outweigh the microeconomic losses and justify continuing government intervention. A historically high level of government intervention in the airline industry can be seen as part of a wider political consensus on strategic forms of transport such as highways and railways both of which receive public funding in most parts of the world. Although many countries continue to operate state-owned or parastatal airlines many large airlines today are privately owned and are therefore governed by microeconomic principles to maximize shareholder profit.
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