12
Tue, May

EU’s Plan to Expand Carbon Tax to Int’l Flights Sparks Debate

EU’s Plan to Expand Carbon Tax to Int’l Flights Sparks Debate

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A new European Commission climate proposal promises to change the way people travel internationally, but at the same time threatens to upend the balance of the global aviation industry.

The EU Plan and What the ETS Is

More specifically, the EU is preparing a proposal that could fundamentally alter the cost of air travel from the European Union to non-EU countries, by extending the Emissions Trading System (ETS) to departing international flights, according to a report in the Financial Times.

The proposal is expected to be presented at a meeting with industry representatives and environmental organizations, a discussion that is already generating strong reactions.

The ETS is a “cap-and-trade” system in which companies purchase carbon emission allowances, with the aim of progressively reducing greenhouse gas output. Currently, it applies only to flights within the EU. A flight from Dublin to Paris is subject to the scheme, but a route from Paris to New York remains unregulated.

EU officials argue that this imbalance needs to be corrected, as efforts to reduce emissions in

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Read Full article form Original Source OIKONOMIKOS TAXYDROMOS

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Read Full article form Original Source OIKONOMIKOS TAXYDROMOS

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