The European Union’s highest court on Wednesday endorsed the bloc’s plan to begin charging the world’s biggest airlines for their greenhouse gas emissions from Jan. 1, setting the stage for a potentially costly trade war with the United States, China and other countries.
nytimes.com/2011/12/22/busin … sions.html
economicvoice.com/eu-wants-a … k/50026668
The amount that the UK will be expected to stump up will be in the region of £25 billion. No small amount in itself, but when you consider that it will equal France’s own contribution and therefore be the second equal largest payment behind Germany the scale of it hits home.
economicvoice.com/eu-wants-a … z1hAhusMlx
What are they at?
how much are flights to and from australia goin to cost now!
surely it will be based on the aeroplane type that you take.
its hardly a flat tax.
imagine it designed to penalise the rust buckets that drink fuel
while benefit those aeroplanes that are fuel efficient.
It wouldn’t make sense otherwise!
We might yet regret not widening/lengthening the runway at Dublin for the A380
According to the NYTimes article it might add €12 to a long haul flight. I don’t think this is a big enough spark to start a trade war.
Although airlines for now will receive most of the permits they will need for free, the European Union estimates that ticket prices could rise by as much as €12, or nearly $16, on some long-haul flights to cover the cost of additional permits required.
More protectionism, as long as the ‘type’ is Airbus.
U.S. Says EU Fails to Comply With WTO Airbus Ruling →
online.wsj.com/article/SB1000142 … 11304.html
WASHINGTON—U.S. trade officials on Friday claimed the European Union hasn’t complied with a World Trade Organization ruling to end subsidies to Airbus, saying that the EU instead has given additional aid to the French aircraft maker.
The U.S. said it reached its conclusion after reviewing a Dec. 1 EU filing with the WTO that stated it fully complied with the WTO’s June 1 ruling. The U.S. said it would now pursue tariffs or other retaliatory measures against imported Airbus jets that could range from $7 billion to $10 billion annually.
“The United States cannot accept anything less than an end to this subsidized financing,” U.S. Trade Representative Ron Kirk said in a statement Friday.
The WTO found that billions of euros in low-cost loans given to Airbus violated the Geneva-based trade arbiter’s limits on government subsidies. To comply with the ruling, Airbus paid out €1.7 billion ($2.3 billion) to EU member states in connection to outstanding financing deals.
there is more
We could be going for a record topic:post ratio on this thread.