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FINANCIAL NEWS
Emirates to pay USD500m-USD1b over EU carbon emissions tax
09 Aug 2011
(MENAFN) Emirates Airline’s senior vice-president of environmental affairs, Andrew Parker, said that the carrier would have to pay between USD500 million and USD1 billion as taxes related to the European Union’s program to limit carbon emissions, reported Arabian Business.
Parker added that the carrier would have its carbon dioxide emissions restricted at 97 percent of its average 2004-2006 levels and 95 percent in the year 2013 when landing in any country within the EU starting 2012.
He also said that the company planned to expand its fleet so that it would include 120 Airbus A380s, which would produce 75g of carbon emissions per passenger kilometer.
It is worth noting that in an attempt to slash pollution by around 5 percent through the year 2020, carriers will have to pay fines of up to USD143 for every tone of carbon dioxide they release above the limit.
More News
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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