Greener Living
Expensive Flights Become New Normal on $5 Trillion Green Transition
- Decarbonization measures are pushing up ticket costs worldwide
- Energy transition means little price respite for flying public
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The global airline industry has long warned passengers they’ll eventually have to pay some of the $5 trillion cost of decarbonizing air travel. The moment has come.
Singapore’s government has announced a tax on air fares to fund purchases of pricey sustainable aviation fuel, while neighboring Malaysia has authorized carriers to charge people a carbon levy from next month.