Almost 200 countries face the tough task of agreeing a new global climate deal by a deadline of 2015, forcing all nations to curb emissions of planet-warming greenhouse gases.

Sixteen environmental groups on Friday urged President Barack Obama not to give into pressure by the U.S.

A two-day meeting hosted the by US of 17 countries opposed to the EU's emissions trading system (ETS) has ended without a joint declaration.

US senators and about 20 countries met in Washington this week to oppose Europe's decision to charge airlines for their carbon emissions by including them in its emissions trading scheme (ETS).

India has joined the US and 15 other major countries in opposing European Union’s Emissions Trading Scheme (ETS) which requires carriers flying to or from Europe to offset their carbon emissions.

Bush-era tax cuts are scheduled to expire at the end of 2012, leading to interest in raising revenue through a carbon tax. This revenue could be used to either cut other taxes or to avoid cuts in Federal programs. There is a body of economic research suggesting that such an arrangement could be a win-win-win situation.

An international agreement on reducing greenhouse-gas emissions requires large financial flows from richer to poorer countries. However, the amount and justification for such transfers is still contested. Now research has developed an argument for transfer payments by estimating regional carbon prices versus a global price, and found that in the case of a global carbon price of US$35 per tonne of carbon dioxide, a flow of US$15–48 billion per year would be needed.

In 2010 and 2011, Republicans and Democrats in the United States proposed mandating clean electricity generation. Research has now analysed public support for a national clean energy standard (NCES) and found that the average US citizen is willing to bear an annual 13% increase in electricity bills in support of a NCES that requires 80% clean energy by 2035.

Beijing remains firm on its stance of settling the carbon tax dispute with the European Union through a multilateral approach, a Chinese official said.

NEW DELHI: The meeting of BASIC countries - Brazil, South Africa, China and India — in Pretoria, South Africa, made a strong statement against EU's carbon tax on aviation at the end of two-day talk

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