LONDON - Air travellers should prepare themselves to be hit with new taxes even as some carriers reduce their fuel surcharges.

A hard-hitting report into the environment due to be released today will detail the cost of failing to counter climate change.

Climate change could cut global growth by a fifth unless drastic action is taken, the UK review warns. But taking action now would cost just one percent of global gross domestic product, economist Sir Nicholas Stern says.

The report warns unless the world moves to cut greenhouse gases it is heading for a "catastrophic climate change" which would create the worst global recession ever seen.

A “user pays” tax on air travellers is one of the measures being proposed to pay for the cost of minimising climate change.

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