Yes, fuel should be more expensive, but in order to take in all the externalities it would probably be so expensive that all airlines would immediately have to close down.
Maybe that's where we need to get to, all jet fuel based air journeys stopping, but it's not going to please the many rich people - who control the regulations - who wish to use air travel.
If we could properly price in externalities then yes, we'd probably have a better system.
There is a proviso to that, should monetary wealth dictate access to resources like 'ability of the planet to sink carbon' or should that be a separate thing, like access to water. Shouldn't we share such natural resources rather than hand them over to those who already own everything else? In which case, you'd need to price in externalities, and pay to acquire carbon credits (or whatever) if they were available: under such a system people might choose to not "spend" their share of carbon credits in order to faster reduce planetary decline.
The cost of oil has plummeted (which is worrying, but not unexpected, because it’s a leading indicator of economic health and the consensus seems to be that we’re six months away from the next global recession anyway).
Maybe that's where we need to get to, all jet fuel based air journeys stopping, but it's not going to please the many rich people - who control the regulations - who wish to use air travel.
If we could properly price in externalities then yes, we'd probably have a better system.
There is a proviso to that, should monetary wealth dictate access to resources like 'ability of the planet to sink carbon' or should that be a separate thing, like access to water. Shouldn't we share such natural resources rather than hand them over to those who already own everything else? In which case, you'd need to price in externalities, and pay to acquire carbon credits (or whatever) if they were available: under such a system people might choose to not "spend" their share of carbon credits in order to faster reduce planetary decline.