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'EU carbon tax will have significant impact on air-fares'

Sep 03, 2012

The impact of carbon tax on fares of all Indian flights to and from Europe would be "quite significant" if it is imposed by the EU, official sources said today.

India has joined the US, Russia, China and several other major nations in opposing the EU's Emissions Trading Scheme (EU-ETS) which requires the carriers flying to or from Europe to pay for emitting carbon in European skies.

The EU-ETS, which came into effect this January, also makes it mandatory for all airlines to submit emission data to the European authorities to enable calculation of the carbon tax that should be paid. However, no Indian carrier is abiding by it due to the opposition of the government here.

 

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SOURCE: The Indian Express

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