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Growth in demand for flights will slow amid rising ticket prices as the aviation sector adjusts to its net zero goals, according to a new report.
The Sustainable Aviation group said in its Net Zero Carbon Road-Map that the “increased cost of decarbonising aviation will inevitably reduce passenger demand”.
Airlines, airports and manufacturers are battling to meet their commitment to be net zero by 2050.
5 things to start your day
1) Half a million landlords to leave buy-to-let sector as baby boomers retire – landlord exodus is expected to put more pressure on already-soaring rents
2) Biden’s green spending blitz could trigger ‘dark ages’, warns Hunt – Hunt warns against subsidies as new forecast predicts UK GDP could jump by 0.2pc
3) Welsh Government stuck with £22m of houses after Mark Drakeford axed M4 relief road – properties bought to clear room for relief road left in limbo after plan scrapped
4) Why British farmers will not save us from rising prices – as food inflation continues to rise, farmers are struggling to deal with sky-high costs
5) Inside the battle to stop radioactive nuclear sludge from contaminating Britain – a team is working to prevent a repeat of Cumbria’s 1950s nuclear disaster
What happened overnight
Asian stocks traded cautiously on Monday as US earnings season gets into full swing this week, while a raft of Chinese data will offer insight into how the world’s second-largest economy is recovering.
Tokyo stocks closed higher for the seventh straight day as a cheaper yen against the dollar helped boost exporter shares.
The benchmark Nikkei 225 index inched up 0.1pc to end at 28,514.78, while the broader Topix index added 0.4pc to 2,026.97.
However, MSCI’s broadest index of Asia-Pacific shares outside Japan ease 0.2pc.
Chinese blue chips added 1pc ahead of data on retail sales, industrial output and gross domestic product due on Tuesday, where analysts suspect the risks are for an upside surprise given recent strength in trade.
The dollar bounced from a one-year low on Monday as resilience in core US retail sales, a rise in short-term inflation expectations and impressive Wall Street bank earnings raised market expectations for an interest rate hike in May.
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