Tag Archives: europe

Flying bind

Qantas—the air­line that will soon call Sin­ga­pore home (?)—says con­sumers will foot the entire bill for the un-com­pen­sat­ed tax on avi­a­tion fuel. The air­line has a bet­ter chance to off­set the oth­er threat it faces from a Euro­pean air­lines tax. The Euro­pean emis­sions per­mit mar­ket is today offer­ing a tonne of car­bon at a lit­tle […]

Firms may ‘bank’ compensation

The MD of Rio-Tin­­to Aus­tralia this week com­plained that firms seek­ing com­pen­sa­tion for the impost of car­bon tax­es on exports are unfair­ly char­ac­terised as “rent seek­ers”. But, there is per­sua­sive evi­dence from Europe that large firms there have made wind­fall prof­its by bank­ing the com­pen­sa­tion they were offered under the EU car­bon abate­ment scheme while […]