Australia's Qantas estimates Europe's emissions trading system (EU ETS) will cost it up to A$5 million in the first year and says it expects fares to rise about A$5 as a result.
The Europeans are to push ahead with the ETS, despite objections and lawsuits from airlines and dozens of countries. Qantas will pay the levy on the final leg of a flight into Europe, so a Sydney-Singapore-London flight will be hit for the Singapore-London-Singapore legs.
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