APMT-Economics is part of the Aviation Environmental Portfolio Management (APMT) system, developed for the Federal Aviation Administration's Office of Environment and Energy (FAA-AEE), in collaboration with Transport Canada and NASA to test proposed environmental policies aimed at reducing emissions or aircraft noise. The work was undertaken in partnership with the Volpe Center (U.S. DOT), Massachusetts Institute of Technology, Georgia Technology Institute and Wyle Laboratories.
APMT-Economics has been developed as a modelling tool to provide insights and quantification of the impacts of future aviation economic and environmental policy scenarios. IT has already demonstrated its wide range of capabilities to provide outputs through a number of different analyses:
- - CAEP NOx Stringency and Noise Stringency
- - Impact of sustained high oil prices on aviation demand for the ICAO Group on International Aviation and Climate Change (GIACC)
- - MIT use for Project 31 investigating Cap and Trade scenarios
- - Alternative fuels including Low Sulphur
- - Assessment of the impact of de minimis provisions for international aviation market based measures for ICAO.
We have developed APMT-Economics as a C# program which uses data stored in a SQL database and it addresses a comprehensive list of policy intervention categories covering financial, regulatory, operational and technological measures. We have undertaken analysis of aviation environmental policy scenarios using APMT-Economics in a global and U.S. Domestic context.
The study was undertaken from February 2006 and is ongoing.