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Emissions trading as 'damaging' as APD: Monarch

28-Feb-2011 1:50 PM

Monarch Airlines MD Tim Jeans stated emissions trading could damage the travel industry as much as the Air Passenger Duty (Travel Weekly, 25-Feb-2011). Mr Jeans stated the EU Emissions Trading Scheme, which is scheduled to come into force in Jan-2012, will be a "deal changing tax" for the aviation industry. The MD stated that while the government had admitted APD was a "cash cow", few politicians would speak out against a genuine green tax, which makes it potentially more damaging to the industry.