Börse Express – Lufthansa sees billions in the implementation of EU climate plans

Börse Express – Lufthansa sees billions in the implementation of EU climate plans
Börse Express – Lufthansa sees billions in the implementation of EU climate plans

FRANKFURT / BERLIN (dpa-AFX) – The Lufthansa -Group expects billions in additional costs if the EU Commission’s “Fit for 55” climate package were implemented unchanged. The airline group would have to bear additional costs of 15 to 20 billion euros by 2035, the company calculates in its “Political Letter” published on Wednesday. A unilateral burden of up to 7 billion euros can be expected by 2030.

The Commission has proposed tougher emissions trading, a European kerosene tax and binding blending quotas for sustainable fuels in order to accelerate Co2 reduction for aviation. However, the aviation industry sees disadvantages in the specific design compared to non-European competitors who, with their cost advantages, could divert passengers to Turkey or the Middle East, for example.

In the policy letter, Lufthansa completely rejects a kerosene tax. When adding sustainable fuels, as in other areas of the economy, regulations are needed that prevent a mere shift in CO2 pollution. Emissions trading, which has only been running within Europe so far, must be expanded to include feeder flights to airports outside of Europe.

Group boss Carsten Spohr told the “vbw-Unternehmermagazin” (Thursday): “It must not be that European airlines are clearly disadvantaged compared to non-European airlines. If tickets in Europe become more expensive and people then take the detour via Istanbul or Dubai, it increases CO2 emissions and Germany as a business location will be weakened. ” Fair competition with the main competitors from the Middle East, China, the USA and Turkey must be ensured./ceb/DP/jha

 ISIN  DE0008232125 

AXC0003 2021-10-14/05:05

Copyright dpa-AFX Wirtschaftsnachrichten GmbH. All rights reserved. Redistribution, republication or permanent storage without the express prior consent of dpa-AFX is not permitted.

 
For Latest Updates Follow us on Google News
 

PREV Graphic Packaging Holding Company announces receipt of all necessary regulatory approvals for the upcoming acquisition of AR Packaging
NEXT ROUNDUP / Frankfurt Stocks End: Dax hardly changed – ‘Investors weigh up’ | 10/11/21