India Weighs Response To EU Carbon Tax | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

** Airborne 04.18.14--CLICK HERE! ** HD iPad-Friendly Version--Airborne 04.18.14 **
** Airborne 04.16.14--CLICK HERE! ** HD iPad-Friendly Version--Airborne 04.16.14 **
** Airborne 04.14.14--CLICK HERE! ** HD iPad-Friendly Version--Airborne 04.14.14 **

Wed, Dec 28, 2011

India Weighs Response To EU Carbon Tax

Warns Carbon Scheme Will Bring Retaliatory Action

India, one of almost two dozen nations gearing up for a fight with Europe over the imminent launch of a unilateral carbon licensing system, warns that the unilateral action by Europe could lead to international retaliation. Official sources now say India will decide on a formal policy sometime in February, according to a report in The Economic Times of India.

Following a recent interministerial meeting which included Indian government and airline officials, the Times quotes an unnamed, high-level government official as warning, "The EU has legislated without consulting the rest of the world and they might have to face retaliatory measures from other countries of the world. Therefore, they might have to reconsider whether their call is worth taking."

The Indian government estimates the new taxes imposed by the EU will cost India's airlines an additional four billion rupees per year, equivalent to about $75 million US, and could rise further as Indian carriers expand service in the future. While the new carbon license fees officially start January 1, airlines won't receive invoices until early 2013, so we'll hear plenty more on this story.

FMI: www.ibef.org/industry/aviation.aspx

Advertisement

More News

Airborne 04.18.14: SpaceX's Historic Pad, Sikorsky Going Presidential?, EAA B17

Also: Airmen Support Pilot's Son, Beyond The Blue!, More Wrong-Way SWA Fallout, Missing WWII Airman Comes Home NASA signed an agreement with Space Exploration Technologies Corporat>[...]

Aero-TV: Dual GPS Solutions -- Maps, Weather, And Traffic To Your EFB Devices

Dual Boasts GPS Support for iOS or Android Platforms While at the AOPA 2013 convention, ANN CEO and Editor-In-Chief, Jim Campbell met with Greg Lukins, Vice President of Business D>[...]

Airborne 04.18.14: SpaceX's Historic Pad, Sikorsky Going Presidential?, EAA B17

Also: Airmen Support Pilot's Son, Beyond The Blue!, More Wrong-Way SWA Fallout, Missing WWII Airman Comes Home NASA signed an agreement with Space Exploration Technologies Corporat>[...]

ANN's Daily Aero-Linx (04.19.14)

The Art Of Airsickness Bags Have you succumbed to the unbridled joy of Air Sickness Bag Collecting? Do you have vomit fever (or, fever-induced vomiting)? Are you ever considering b>[...]

ANN's Daily Aero-Term (04.19.14): Navigable Airspace

Airspace at and above the minimum flight altitudes prescribed in the CFRs including airspace needed for safe takeoff and landing.>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC