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

Less Ads, More Data, More Tools Register for FREE

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)

Related Shares

More News
27 Jun 2024 09:49

LONDON BROKER RATINGS: Berenberg cuts Anglo American and Rio Tinto

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

25 Jun 2024 16:36

Lufthansa to raise fares by up to 72 euros as environmental costs increase

Airline to introduce 'Environmental Cost Surcharge' *

25 Jun 2024 11:35

Volotea teams up with Abra for slots from combined IAG-Air Europa

MADRID, June 25 (Reuters) - Spain's Volotea said on Tuesday it was teaming up with Abra, which owns Colombian airline Avianca and Brazil's GOL, to t...

25 Jun 2024 10:42

Volotea, Abra team up to take over slots from potential IAG-Air Europa merger remedies

MADRID, June 25 (Reuters) - Spanish carrier Volotea said on Tuesday it was teaming up with Latin American airline holding group Abra - which owns Co...

19 Jun 2024 12:56

UK shareholder meetings calendar - next 7 days

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.