Andrew Sentance, CBE is a UK business economist. He is currently Senior Economic Adviser to PwC, a position he took up in November 2011. He was an external member of the Monetary Policy Committee of the Bank of England from October 2006 to May 2011.
There is no international agreement to introduce emissions trading for global aviation and we do not want the EU scheme to be sidelined by international disputes or for EU airlines competitiveness to be jeopardized.
The emissions trading scheme must be given every opportunity to succeed, ... Increasing taxes on aviation is a blunt way of placing additional costs on the industry without offering any guarantee of a reduction in emissions.