← Back to briefingZenaHub.
Englishአማርኛ
Economy

Ethiopian Airlines Paid USD6Mln For Carbon Credits As Regulatory Pressures, Taxes Mount

The Reporter · 5 hours ago · Read the Full Story on The Reporter
Ethiopian Airlines Paid USD6Mln For Carbon Credits As Regulatory Pressures, Taxes Mount
AI SUMMARY

Ethiopian Airlines CEO Mesfin Tasew stated that the airline paid USD6 million for carbon credits in the 2025/26 fiscal year amid rising regulatory costs, taxes, and emissions mandates.

  • Ethiopian Airlines paid USD6 million for carbon credits during the 2025/26 fiscal year.
  • CEO Mesfin Tasew noted that compliance with mandatory carbon offset requirements is becoming an increasingly heavy operational burden.
  • The payments are driven by CORSIA, an ICAO framework establishing a baseline equivalent to 85 percent of 2019 emissions for the 2024–2035 period.
  • Mesfin criticized several African nations for introducing supplementary carbon charges outside the established ICAO framework.
  • Sustainable aviation fuel adoption remains constrained by high costs and limited market availability, with IATA projecting global production to reach 2.4 million tons in 2026.
  • Mesfin stated that sustainable aviation fuel is virtually nonexistent on the African continent.
  • Mesfin raised concerns over an expanding array of taxes levied globally, citing an instance where an African nation requested tax payments dating back to 1970.
  • African Airlines Association data shows passengers paid an average of USD68 in taxes, fees, and charges on international departures from African nations in 2024.
  • IATA data indicates that government-imposed taxes and infrastructure charges make the cost of conducting aviation business in Africa approximately 15 percent higher than the global average.
Read the Full Story on The Reporter
Related
Pharmaceuticals Supply Service Axes Three Laws With New Inventory Rules
The Reporter · 44 minutes ago
National Precious Minerals Refinery Inaugurated at Bole Lemi Industrial Park
TIKVAH Ethiopia · 1 hour ago
Ethiopia Grants State Enterprises Three-Year Grace Period To Write Off Decade-Old Receivables
The Reporter · 3 hours ago
The New Economics of AI in Africa
The Reporter · 4 hours ago