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
21 Nov 2023 15:19

London close: Stocks slip ahead of FOMC minutes, Autumn Statement

(Sharecast News) - London stocks finished in the red on Tuesday as investors examined the latest UK borrowing data ahead of Wednesday's Autumn Statement.

Read more
21 Nov 2023 09:57

IN BRIEF: International Consolidated Airlines seeks to restore payouts

International Consolidated Airlines Group SA - Madrid-based owner of British Airways, Iberia, Vueling and Aer Lingus - Hosts capital markets day for institutional investors and analysts on Tuesday, saying its 2023 outlook remains unchanged. "We expect 2023 to be a year of strong recovery in our margins, operating profit and balance sheet and towards pre-Covid-19 levels of capacity," the company had said with its third-quarter results back in October.

Read more
21 Nov 2023 09:20

IAG reiterates commitment to resuming dividends

(Sharecast News) - British Airways owner IAG on Tuesday set out its medium-term targets and pledged its commitment to resume paying dividends once its balance sheet and investment plans are "secure".

Read more
17 Nov 2023 13:59

British Airways' green fuel project wins UK government backing

(Alliance News) - A partnership involving International Consolidated Airlines Group SA's British Airways to develop lower carbon aviation fuels has secured a share of new UK government funding.

Read more
15 Nov 2023 09:41

LONDON BROKER RATINGS: Deutsche likes Compass; Numis cuts Elementis

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

Read more
6 Nov 2023 16:59

LONDON MARKET CLOSE: Stocks fail to shine despite dovish sentiment

(Alliance News) - Stock prices in London closed mixed on Monday, whilst US markets opened higher, with investors continuing to digest hopes that interest rates have peaked.

Read more
6 Nov 2023 12:04

LONDON MARKET MIDDAY: Tepid start to new week as investors take stock

(Alliance News) - London's FTSE 100 drifted marginally lower heading into Monday afternoon in uncertain trade as investors reassess the near-term outlook for equity markets after a bullish week for stocks last week.

Read more
30 Oct 2023 09:40

LONDON BROKER RATINGS: Jefferies cuts NatWest to underperform from buy

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

Read more
27 Oct 2023 17:08

LONDON MARKET CLOSE: Poorly-received earnings weigh on European stocks

(Alliance News) - Stock prices in London closed mixed on Friday, hurt by share price falls for the banking sector, while investors also digested underwhelming earnings elsewhere and a US inflationary reading.

Read more
27 Oct 2023 12:06

LONDON MARKET MIDDAY: Oil majors lift FTSE 100 but banks fall

(Alliance News) - Stock prices in London were up at midday on Friday, as the FTSE 100 was led higher by oil majors, tracking a rise in the Brent price.

Read more
27 Oct 2023 09:18

TOP NEWS: BA-owner IAG has "record" quarter despite air traffic snafu

(Alliance News) - International Consolidated Airlines Group SA on Friday hailed a "record third-quarter performance" that provided money for investment and debt reduction.

Read more
27 Oct 2023 07:54

LONDON BRIEFING: NatWest notes "serious failings" in Farage findings

(Alliance News) - Stocks in London are set to open slightly higher on Friday, as investors wait for a key US inflation reading.

Read more
27 Oct 2023 07:07

IAG reports record third quarter as demand continues to recover

(Sharecast News) - British Airways owner IAG reported a record-breaking third-quarter operating profit of €1.745bn on Friday, marking a substantial increase from the €1.216bn reported in the same period of 2022.

Read more
20 Oct 2023 17:06

LONDON MARKET CLOSE: Stocks down after difficult week for markets

(Alliance News) - Stock prices in London closed lower on Friday, after a difficult week for markets, as investors contend with the heightening war in the Middle East as well as the prospect of higher interest rates.

Read more
20 Oct 2023 17:06

LONDON MARKET CLOSE: Stocks down after difficult week for markets

(Alliance News) - Stock prices in London closed lower on Friday, after a difficult week for markets, as investors contend with the heightening war in the Middle East as well as the prospect of higher interest rates.

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.