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Decarbonizing Aviation: Cash-for-Clunkers in the Airline Industry

Author

Listed:
  • Jan K. Brueckner
  • Matthew E. Kahn
  • Jerry Nickelsburg

Abstract

The durability of the transportation capital stock slows down the pace of decarbonization since newer vintages feature cutting-edge technology. If older vintages were to be retired sooner, the social cost of travel would decline. This paper analyzes and explores the viability of a potential cash-for-clunkers program for the airline industry, which would help to hasten decarbonization of US aviation. Our estimation and calculations show that airlines can be induced to scrap rather than sell older planes upon retirement with a payment that is less than the forgone carbon damage, yielding net social benefits.

Suggested Citation

  • Jan K. Brueckner & Matthew E. Kahn & Jerry Nickelsburg, 2024. "Decarbonizing Aviation: Cash-for-Clunkers in the Airline Industry," NBER Working Papers 32205, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:32205
    Note: EEE
    as

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    More about this item

    JEL classification:

    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • R49 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Other

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