Friday, December 11, 2009
One of the many, perhaps unintended consequences of drastic new limitations and taxes on carbon emissions resulting from the Copenhagen agreements now being formulated will be massive increases in airplane ticket prices, as well as bus tickets and other forms of transportation. In a region already suffering from drops in tourist numbers due to the world's slouching economy, this is grave news indeed. Of course reduction in travel is not limited to Vietnam. This will be a problem for the tourism industry worldwide.