Superyachts, private jets should not benefit from energy subsidies, Momentum says

Energy subsidies should protect essential household consumption and small businesses rather than excessive energy use by superyachts and private jets, Momentum said.

In a statement issued on Sunday, the party argued that subsidies should be targeted at those who need them most, rather than applied indiscriminately.

“The prime minister said energy and fuel subsidies will be kept at their current level,” the party said. “Momentum says the question is not whether to subsidise, but who.”

Momentum proposed restricting fuel subsidies and tax exemptions to public transport, scheduled passenger flights and essential freight services, including the transport of food, medicine, and supplies to Gozo.

Meanwhile, superyachts, private jets and luxury leisure craft should pay standard fuel rates, including full carbon and environmental taxes and the applicable excise duties.

“Families should not be paying the bill for cheap energy at large hotels or fuel tax breaks for private jets,” Momentum leader Arnold Cassola said. “Protect what households need, charge those who can afford it, and invest the difference in clean energy.”

The party also called for energy and water subsidies for commercial tourist accommodation to be phased out over three years.

It argued that savings generated by these changes could be reinvested in renewable energy projects, including solar installations on government buildings, schools, industrial parks and large parking areas, such as those at Ċirkewwa and Mġarr harbours.

The funds could also support battery storage grants for households and businesses, as well as community energy schemes for voluntary organisations.

Momentum further proposed introducing a tiered fee on commercial groundwater extraction by the construction industry, brick manufacturers, bottling plants, hotels and water bowser operators.

Registered farmers would be exempt from the proposed charges.

All revenue generated through the scheme would be allocated to a ring-fenced Aquifer Restoration and Rainwater Harvesting Fund.