13 Jan '12, 1am

Ryanair announces 21p per flight EU carbon trading levy

Ryanair yesterday announced it would become the first airline to highlight the cost of compliance with the EU's emissions trading scheme (ETS) by introducing a €0.25 per passenger levy on all bookings made from next Tuesday. The company predicted purchasing EU carbon allowances to cover its greenhouse gas emissions will cost between €15m and €20m this year and as a result argues that the new levy is necessary to cover the cost of what it describes as "the EU's new eco-looney tax". FURTHER READING Lufthansa to pilot transatlantic biofuel flight Mixed messages dim Chinese carbon tax prospects Ryanair's Stephen McNamara reiterated the company's opposition to aviation's inclusion in the EU ETS, which came into effect from the start of the year. "Ryanair does not believe that European aviation should be included in the ETS scheme since it accounts for less than two per cent of ...

Full article: http://www.businessgreen.com/bg/news/2137292/ryanair-anno...

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@rodd Ha! It's made-up.

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