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
19 Sep 2023 09:46

LONDON BROKER RATINGS: HSBC cuts NatWest; Stifel likes Computacenter

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

Read more
12 Sep 2023 05:58

UK govt, British Airways face claim over Kuwait hostage crisis

(Alliance News) - Passengers and crew members of a British Airways flight who were taken hostage in Kuwait in 1990 are intending to take legal action against the British government and the airline, a law firm said Tuesday. 

Read more
8 Sep 2023 09:11

UK competition regulator proposes Heathrow charges are reconsidered

(Alliance News) - The competition regulator has provisionally found that some errors were made in a decision on how much Heathrow Airport can charge airlines.

Read more
8 Sep 2023 07:56

Competition regulator mostly backs lower airline price caps at Heathrow

(Sharecast News) - The UK competition regulator has said that the Civil Aviation Authority (CAA) made some errors in determining the lower price cap that Heathrow should charge airlines, but said that most of its calculations had been correct.

Read more
30 Aug 2023 17:15

FTSE 100 gains for sixth day on homebuilders' boost

Homebuilders up 1.8%

*

Read more
30 Aug 2023 14:29

Airlines count cost of UK traffic control failure

(Alliance News) - The worst disruption to UK air traffic control in almost a decade following a technical fault risks costing carriers around GBP100 million, the head of global airline body IATA estimated Wednesday.

Read more
30 Aug 2023 09:53

UK air traffic control meltdown fault won't happen again - NATS

Head of air traffic control provider says issue fixed

*

Read more
30 Aug 2023 08:21

Britain's air traffic control failure to cost airlines 100 mln stg -IATA head

LONDON, Aug 30 (Reuters) - The cost to airlines from Britain's air traffic control failure on Monday is likely to reach about 100 million pounds ($126 million), Willie Walsh, the head of global airlines group IATA told the BBC on Wednesday. ($1 = 0.7920 pounds) (Reporting by Sarah Young, editing by Elizabeth Piper)

Read more
30 Aug 2023 07:45

UK air traffic control says problem which caused flight cancellations won't happen again

LONDON, Aug 30 (Reuters) - The disruption to flights into and out of Britain caused by a technical failure on Monday will not happen again after changes were made to the system, the head of the country's air traffic control group NATS said.

Read more
29 Aug 2023 21:16

UK air traffic failure set to disrupt flights for days

Around 1,500 flights cancelled on Monday

*

Read more
29 Aug 2023 13:44

UK government orders review into air traffic control chaos

(Alliance News) - The UK government on Tuesday ordered a review after the country's air traffic control system suffered its worst disruption in almost ten years, stranding thousands of passengers.  

Read more
29 Aug 2023 11:51

LONDON MARKET MIDDAY: FTSE outperforms peers; housebuilders rise

(Alliance News) - The FTSE 100 was outperforming its European peers at midday on Tuesday, amid news that UK consumer price inflation is decelerating and the government is scrapping some rules to boost housebuilding.

Read more
29 Aug 2023 07:45

UK air travel disruption to last for days -minister

LONDON, Aug 29 (Reuters) - British transport minister Mark Harper said it would take days to resolve the widespread disruption to flights into and out of the country after air traffic control systems were hit by a technical problem.

Read more
29 Aug 2023 05:51

Travel disruption could last days after UK air traffic control fault

(Alliance News) - Travel disruption could last for days after flights were cancelled leaving thousands of passengers stranded following an air traffic control technical fault.

Read more
28 Aug 2023 20:14

UK air traffic issue fixed but flight disruption to continue

LONDON, Aug 28 (Reuters) - Britain's National Air Traffic Service (NATS) was hit by a technical problem for several hours on Monday, causing widespread disruption to flights in UK airspace that it said would continue for some time even though the issue was fixed.

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.