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Commodities Briefing - Categorized | Environmental Trading more

EU emissions tax must be scrapped

Posted on 14 November 2011

The Emissions Trading Scheme tax developed by the European Union places a disproportionate burden on the aviation industry, which has done more to reduce fuel burn and improve environmental performance over the last decade than any other form of transportation.
Dwarfed by the auto industry, the taxes proposed for aviation by the EU represent a significant burden that, even with an offer to reduce initial years by 85 per cent, represent a foothold by politicians into a new revenue stream, which inevitably will be fully utilised………………………………………..Full Article: Source


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