European carbon market suffers in annus horribilis

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.

China bans airlines from paying EU carbon charges

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.

Australia brings in contentious carbon tax

Australia on Sunday introduced a controversial carbon tax in a bid to tackle climate change, with Prime Minister Julia Gillard hailing the move amid opposition warnings it will stifle industry.

Airlines decry EU carbon emissions scheme

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.

Chinese, Indian airlines face EU pollution fines

Eight Chinese and two Indian airlines face fines of up to several million euros for not paying for their greenhouse gas emissions during flights within the bloc, the European Commission said on Friday.

Cheers as Australia's carbon tax hits parliament

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.

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