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Real Cost of Expansion DUBLIN Airport's planned expansion to 60 million passengers per annum will do at least €8.4bn worth of damage in global warming terms. This can de deduced using DAA and Ryanair data and new analysis contained in the Stern Report: "The Economics of Climate Change." Ryanair
has a rather new and relatively environmentally clean fleet that The expansion alone will add some 40 million passengers doing €680 million damage every year. When we add up all the damage done between now and 2050, using discounting factors provided by Prof Stern, we get a total damage bill in today's terms of at least €8.4bn. This minimum total climate change cost of €8.4bn is additional to the €4.5bn net economic cost UPROAR has estimated for the proposed expansion plan of Dublin Airport. See: www.norunway.com/t2a/appt2.htm. That
waste is due to a misuse of very valuable land, the economic cost
of resulting road congestion and an estimate of the loss of welfare
to communities surrounding Dublin Airport. It can therefore be concluded
that the expansion plans of Dublin Airport will incur, at a conservative
estimate, a colossal net loss of €13bn. |