Chinese airlines will not pay a charge on carbon emissions imposed by the European Union from January 1, a national aviation industry group said Thursday.
Europe's market in carbon emissions is hoping for outside help after a year in which prices slumped to record lows, savaging claims that trading in CO2 brakes the rise of dangerous greenhouse gases.
Europe's top court on Wednesday threw out a US-led challenge to new charges for carbon emissions across EU airspace, opening up fears of a possible trade war which could also draw in China.
The EU will go ahead with its hotly contested plan to charge airlines for carbon emissions despite US threats of reprisal, should it win the backing of the European Court of Justice, EU sources said Tuesday.
Australia passed its controversial pollution tax Tuesday in a sweeping and historic reform aimed at lowering carbon emissions blamed for climate change, after years of fierce debate.
The European Union refused Thursday to drop plans to charge all airlines for carbon emissions when flying to and from Europe despite opposition from the UN's civil aviation body.
Australia's lower house on Wednesday passed a contentious new tax on carbon pollution to combat climate change which has angered many voters and threatens Prime Minister Julia Gillard's hold on power.
An EU decision to force foreign airlines to buy carbon permits "is compatible with international law," the advocate general of the European Union Court of Justice said Thursday.
Airlines denounced on Tuesday an EU plan to charge them for carbon emissions, warning it would cost the industry 17.5 billion euros ($23.8 billion) over eight years.
To cost‑effectively protect the climate, not only an emissions trading scheme but also financial support for new technologies is needed. Economising on targeted funding, for example for renewable energies, makes climate ...