China said Monday it has banned its airlines from complying with an EU scheme to impose charges on carbon emissions opposed by more than two dozen countries including India, Russia and the United States.
India, Russia, the United States, China and other countries will meet in Moscow this month to decide whether to retaliate against the EU's decision to impose a carbon tax on air travel, a report says.
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.
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 ...
Cheers erupted in Australia's Parliament House after Prime Minister Julia Gillard presented her bill for a new pollution tax she hopes will help counter climate change.