Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksInternational Airlines Share News (IAG)

Share Price Information for International Airlines (IAG)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 160.90
Bid: 161.20
Ask: 161.35
Change: -2.95 (-1.80%)
Spread: 0.15 (0.093%)
Open: 165.55
High: 165.55
Low: 160.90
Prev. Close: 163.85
IAG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Likely Irish kingmaker Green Party eyes aviation tax, megaprojects

Thu, 06th Feb 2020 16:46

* Green Party leader eyes 10-euro flight tax

* Party plans huge boom in offshore wind

* Bogs could absorb 15% of carbon

By Conor Humphries

DUBLIN, Feb 6 (Reuters) - Ireland's Green Party, likely to
be a kingmaker after Saturday's election, would re-introduce an
aviation tax opposed by Ryanair and push two
megaprojects to cut carbon emissions if it enters government,
leader Eamon Ryan said in an interview this week.

While recent opinion polls show the Green Party in fourth
place with around 8% support, the country's two dominant
parties, Fine Gael and Fianna Fail, have consistently named the
Greens as a preferred partner. Analysts say most possible
governments would seek the Greens' support.

Support for the party collapsed in 2011 after a disastrous
four-year stint in coalition with centre-right Fianna Fail,
which saw the Irish economy collapse after a property bubble
burst. But support has bounced back amid a political "green
wave" across Europe.

"We have four other green parties in government across
Europe, I am hoping we can make it a fifth," Ryan told Reuters
in the interview on Wednesday, adding he was targeting around
10% of the 160 seats in parliament.

Ryan said he was open to being in a coalition with any party
and said the key aim would be to increase planned cuts to carbon
dioxide emissions to 7% per year from 2% per year. Anything less
"won't work," he added.

One of the most achievable goals would be the
re-introduction of an air passenger travel tax, scrapped in
2011, that charged 10 euros for each passenger flying to an
airport more than 300 kilometres (185 miles) from Dublin, he
said.

"I don't see that as a particularly difficult negotiation,"
he said, adding he was confident it would be secured in any
coalition talks. "It's not a huge (thing), it's a 10 euro a
ticket tax. ... It signals intent."

Persuading partners to end the construction of major new
motorways on the island, on the other hand, would be a "real
challenge".

The greens would pursue two megaprojects, he said: huge
floating wind farms off the Irish coast and the "re-wetting" of
the country's bogs, which cover 16% of its land.

The latter involves blocking drains of dried-out bog land to
restore the water level up to the vegetation level, creating a
huge carbon sink.

"We think could save something like 10 million tonnes of
carbon a year. So that is big," he said of the bog project.
Current emissions are around 60 million tonnes.

The offshore boom would have two phases - first 5 gigawatts
of wind capacity added in the Irish Sea in the 2020s followed by
30 gigawatts in the Atlantic to the west and northwest of
Ireland in the 2030s.

That, he said, would help ease concerns about a boom in data
centres, many built by large employers in Ireland like Google
and Amazon. Such centres could be consuming
30% of Ireland's electricity use in 10 years time, he said.

"This is complex ... we have 60,000 people working in this
city (Dublin) in the tech sector," he said. "We have to make
sure that their use is compatible with our climate targets."
(Reporting by Conor Humphries
Editing by Frances Kerry)

More News
28 Mar 2024 16:49

UK Border Force officers at Heathrow airport to take strike action

LONDON, March 28 (Reuters) - More than 600 UK Border Force officers at Heathrow Airport, Britain's busiest hub, will take strike action for four days from April 11 in a dispute over working conditions, the PCS trade union said on Thursday.

Read more
27 Mar 2024 10:28

JPMorgan puts IAG on 'positive catalyst watch' ahead of Q1 results

(Sharecast News) - JPMorgan Cazenove placed shares of BA and Iberia owner IAG on 'positive catalyst watch' on Wednesday ahead of first-quarter results and following minor changes to estimates published yesterday.

Read more
27 Mar 2024 09:40

LONDON BROKER RATINGS: Sainsbury's, Petershill Partners upped to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

Read more
21 Mar 2024 16:33

London close: Stocks rise as BoE keeps rates on hold

(Sharecast News) - London markets closed higher on Thursday, sustaining gains after the Bank of England adhered to expectations by maintaining interest rates at a 16-year high.

Read more
21 Mar 2024 09:27

LONDON BROKER RATINGS: UBS cuts Entain; RBC raises IAG

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

Read more
21 Mar 2024 09:09

RBC Capital upgrades IAG to 'outperform'

(Sharecast News) - RBC Capital Markets upgraded BA and Iberia owner IAG on Thursday to 'outperform' from 'sector perform' and lifted the price target to 220p from 200p.

Read more
21 Mar 2024 07:52

LONDON BRIEFING: Stocks called up thanks to New York rally

(Alliance News) - Stocks in London are to open higher on Thursday, after a global equity market rally following the latest interest rate call from the US Federal Reserve.

Read more
15 Mar 2024 15:07

London close: Stocks finish mixed after Reckitt compo blow

(Sharecast News) - London's equity markets finished in a mixed state at the end of a quiet trading session on Friday, after another hotter-than-expected US inflation reading overnight.

Read more
6 Mar 2024 15:02

London close: Stocks finish higher after Hunt's Spring Budget

(Sharecast News) - London's stock markets closed in positive territory on Wednesday, as investors absorbed the Chancellor's Spring Budget announcement of a 2p reduction in National Insurance.

Read more
6 Mar 2024 14:05

Tax rise outlined in UK budget for air passengers in premium cabins

(Alliance News) - Airline passengers travelling in premium cabins will be hit by a UK tax hike.

Read more
6 Mar 2024 09:07

LONDON BROKER RATINGS: JPMorgan raises IAG; Jefferies likes Experian

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

Read more
6 Mar 2024 08:45

IAG flies higher after double upgrade to 'overweight' by JPMorgan

(Sharecast News) - BA and Iberia owner IAG flew higher on Wednesday as JPMorgan Cazenove double upgraded the shares to 'overweight' from 'underweight' and lifted the price target to €2.50 from €1.45.

Read more
6 Mar 2024 07:45

LONDON BRIEFING: ConvaTec profit doubles; DS smith trades in line

(Alliance News) - Stocks are called to open higher on Wednesday, with focus in the UK on Wednesday's Spring budget.

Read more
1 Mar 2024 09:14

LONDON BROKER RATINGS: Numis cuts St James's Place to 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

Read more
29 Feb 2024 16:53

LONDON MARKET CLOSE: Focus on Fed, ECB after inflation readings

(Alliance News) - The FTSE 100 in London closed higher on Thursday, as a key US inflation gauge ebbed year-on-year, though a monthly increase could keep a lid on Federal Reserve interest rate cut enthusiasm.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.