• Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
Close Search
00
GBAF LogoGBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
GBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Wealth
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Business

    Posted By maria gbaf

    Posted on January 25, 2022

    Featured image for article about Business

    BERLIN (Reuters) – An alliance of airlines and airports called for changes to the European Union’s planned climate change legislation on Monday, arguing it will make them less competitive with non-European rivals.

    Taking aim at aviation, a sector deemed responsible for up to 3% of global emissions, the European Union presented plans last July that foresee stricter rules on CO2 emissions and the use of synthetic fuel blends, as well as the implementation of a kerosene tax.

    The alliance, whose nearly 20 members include all Lufthansa subsidiaries, Air France-KLM and major airports such as Frankfurt and Amsterdam’s Schipol, argues long-haul flights via non-European hubs would not be subjected to the same associated costs, leading to a potential shift in business to such carriers.

    The alliance rejects a kerosene tax outright and proposes that the environmental protection surcharge be based on the entire flight route, not just feeder flights bringing passengers from the EU to international hubs such as Istanbul or Dubai.

    In principle, the alliance is however in favour of the EU’s “Fit for 55” climate package, which aims to reduce greenhouse gas emissions by 55% by 2030 compared with 1990 levels.

    (Reporting by Ilona Wissenbach; Editing by Miranda Murray and Susan Fenton)

    BERLIN (Reuters) – An alliance of airlines and airports called for changes to the European Union’s planned climate change legislation on Monday, arguing it will make them less competitive with non-European rivals.

    Taking aim at aviation, a sector deemed responsible for up to 3% of global emissions, the European Union presented plans last July that foresee stricter rules on CO2 emissions and the use of synthetic fuel blends, as well as the implementation of a kerosene tax.

    The alliance, whose nearly 20 members include all Lufthansa subsidiaries, Air France-KLM and major airports such as Frankfurt and Amsterdam’s Schipol, argues long-haul flights via non-European hubs would not be subjected to the same associated costs, leading to a potential shift in business to such carriers.

    The alliance rejects a kerosene tax outright and proposes that the environmental protection surcharge be based on the entire flight route, not just feeder flights bringing passengers from the EU to international hubs such as Istanbul or Dubai.

    In principle, the alliance is however in favour of the EU’s “Fit for 55” climate package, which aims to reduce greenhouse gas emissions by 55% by 2030 compared with 1990 levels.

    (Reporting by Ilona Wissenbach; Editing by Miranda Murray and Susan Fenton)

    Recommended for you

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe