EU Carbon Rules Bring Risks, Gains for Cyprus in Green Shift
4 Articles
4 Articles
If only intra-European flights were covered by a carbon tax as early as 2029, the carbon tax could be extended to international flights of less than 5 000 kilometres from the EU.
DEBATE: The best medicine seems to be for Equinor to sell off all renewables as soon as possible, to save whatever shareholder value may remain.
On 17 July 2026, the European Commission presented a review of the emissions trading scheme (EU ETS). The reform extends the carbon tax to international flights of less than 5 000 km from the European Union (EU) from 2029 onwards. So far, only intra-European flights have been covered by this carbon tax, which has been in place since 2012. International routes have been exempted. What flights are concerned?The 5 000 km threshold is measured from …
EU carbon rules bring risks, gains for Cyprus in green shift
The European and Cypriot economies are heading toward significant shifts following the European Commission’s new proposal to revise the EU Emissions Trading System (EU ETS) for the period after 2030. The proposal aims to align the EU with its 2040 climate target of cutting emissions by 90% compared with 1990 levels, while balancing climate ambition with protecting industrial competitiveness. The new framework carries provisions that directly aff…
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