MIMEProject ID: 37060
Market-based impact mitigation for the environment
Airlines and airports will likely face an increasing number of noise-impact constraints in future. There are already at least 128 airports worldwide with some type of noise surcharges, and the situation that the air-transport industry faces regarding noise-related environmental constraints on future growth is very grave. As has been shown in other industries, there are conditions under which a market-based mechanism using transferable permits can be used to provide improved control over environmental impacts, and at the same time, allow efficient business operations.
MIME is aimed at discovering whether, and how, such mechanisms can be used to improve environmental noise control in air transport. MIME seeks to determine the answers to several basic research questions:
- How can noise be translated into tradable permits"
- How would such a system be put into place"
- Can a market increase the number of viable options"
- How can ATM contribute to enabling airlines to reach their noise goals.