Airlines whose carbon emissions are more than prescribed cap have to reduce emissions or pay for it

The European Union (EU) has decided it would not ban foreign airlines that have refused to share their carbon emission data from entering EU airspace. However, it said stringent financial penalties would be imposed if these failed to comply with the laws by January 2013. Refusal to share carbon emission data is a violation of the EU’s emissions trading system (ETS) laws.

New Delhi: State-run oil marketing companies on Friday slashed jet fuel prices by some 5% in line with international markets, but decided to watch the rupee’s movement against the greenback before

The International Air Transport Association (IATA) warned on Tuesday that some countries may be on the brink of launching a retaliatory trade war against the decision of the European Union to inclu

European attempts to enforce its emissions trading scheme on airlines may undermine a global solution to curb aviation's environmental damage and risk a trade war, IATA claims.

The International Air Transport Association, which represents 240 airlines worldwide, reiterated its call for the EU to drop its “unilateral and extra-territorial” scheme, which is opposed by several major powers, some of whom have hinted at retaliatory measures.

Senate lawmakers and the Obama administration on Wednesday stiffened their opposition to a European law that targets emissions from commercial jetliners and applied new pressure on Brussels and the

Countries that oppose the European Union's move to include airlines in its scheme to control carbon emissions would find it difficult to bring a dispute to the World Trade Organization (WTO), an of

Countries that oppose the European Union's move to include airlines in its scheme to control carbon emissions would find it difficult to bring a dispute to the World Trade Organization (WTO), an of

A REGIONAL airline operating out of Canberra has cited the carbon tax as a ''major factor'' in its decision to axe two of its regular routes in favour of the more lucrative charter business caterin