Emissions Trading Scheme to add £130 to family holiday; hit Heathrow jobs
03.01.12
The EU Emissions Trading Scheme (ETS) is set to add £130 to the cost of a family holiday to the US, the Telegraph reports that a new study has found. Research by the Civitas, an independent think tank, predicted that the new EU green levy introduced this week, will not only hit air passengers, but also inflict serious damage on Heathrow, putting hundreds of jobs at risk.
A family of four taking a transatlantic flight from Britain already have to pay £260 in Air Passenger Duty (APD). This is due to increase at double the rate of inflation this year. And the introduction of the EU Emissions Trading Scheme, under which airlines will have to pay for permits, will add even more expense onto the cost of travel.
According to the EU’s estimates the scheme will add about £10 to the price of a transatlantic ticket. But unlike APD it will apply to inbound and outbound flights, so even by the EU’s own figures it will add another £80 to the price of a family holiday to the US.
Overall, the Civitas report says, the carbon trading schemes will cost airlines £1 billion a year, with the expense likely to be passed on to passengers. It also warns that ETS will give airports outside the EU, such as Geneva, a competitive advantage and adds that it could see, Heathrow lose its status as a major international hub, which would put jobs at risk.
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