Airline passengers in Europe may have slightly higher ticket prices…
And end to the era of ‘absurdly cheap’ flights could be coming to an end, in the EU, as Brussels makes industry pay more for carbon emissions. Airline passengers may have to pay slightly higher air fares under newly strengthened EU rules designed to tackle aviation emissions, in a sign that the era of super low-cost air travel may be about to end. The EU wants to require carbon-intensive industries to pay more for their pollution with ticket prices likely to rise by up to €10 per return flight. This would be part of the ETS (Emissions Trading System) which only covers flights within Europe, not outside it. The rules phase out the current practice of allowing airlines to obtain a significant proportion of the permits they need for free by 2026. The total number of allowances in the system will also fall over time, which analysts expect to drive up the cost of aviation carbon emissions. Airlines for Europe, the industry lobby group, said the slight increase could lead to “up to 17% fewer passengers travelling through EU airports by 2035”. How terrible. The EU is considering taxes on aviation kerosene. .Tweet Airline passengers face higher fares under new EU emissions rules Era of ‘absurdly cheap’ flights could be coming to an end as Brussels makes industry pay more for pollution. By Alice Hancock in Brussels and Philip Georgiadis and Camilla Hodgson (FT) 12.2.2023 Airline ticket prices could rise as much as €10 per return flight due to increased levies on aviation emissions. Airline passengers are facing higher fares under newly strengthened EU rules designed to tackle aviation emissions to combat climate change, in a sign that the era of super low-cost air travel may be about to end. The threat of higher fares comes as carriers put up prices to help them recover from the coronavirus pandemic after renewed demand for flights with the end of travel restrictions. The EU wants to require carbon-intensive industries to pay more for their pollution with ticket prices likely to rise up to €10 per return flight due to increased levies on aviation emissions, according to analysts. EU lawmakers have given initial approval to an update of the bloc’s carbon pricing rules, which forces industries including aviation to buy enough allowances to cover their pollution under the emissions trading system. The rules phase out the current practice of allowing airlines to obtain a significant proportion of the permits they need for free by 2026. The total number of allowances in the system will also fall over time, which analysts expect to drive up the cost of pollutin
