ALTA’s Position on the Possible 200% Increase in the Carbon Tax in the Colombian Aviation Sector
Source: ALTA The Latin American and Caribbean Air Transport Association (ALTA), a private non-profit organization dedicated to the development of aviation, an essential service in Latin America and the Caribbean, expresses its concern about the impacts of the possible 200% increase in the carbon tax, a measure included in the Financing Law recently presented to the Congress of the Republic. "The increase in the carbon tax would directly affect the price of aviation fuel, which accounts for more than 35% of airlines' operating costs in Colombia. This would inevitably raise the price of air tickets," says ALTA’s Executive Director and CEO, José Ricardo Botelho. "It is a measure that may bring immediate revenue, but it results in a long-term impact [...]