Reuters South Africa urged the European Union to suspend for two years its controversial airline emissions trading scheme (ETS) to allow time for a global agreement on carbon charges to be worked out through the United Nations. Related Stories Australia to become hotter, drier – report Geneva – South Africa on Wednesday urged the European [...]

WELLINGTON, March 16 | Thu Mar 15, 2012 9:46pm EDT WELLINGTON, March 16 (Reuters) – New Zealand carbon prices slipped from last week, tracking sluggishness in the European carbon market on weaker oil prices, but losses were limited as many investors were wary of selling, given prices hovered near the lowest in four weeks. Spot [...]

BRUSSELS | Wed Mar 14, 2012 5:48am EDT BRUSSELS (Reuters) – Top U.S. economists, including five Nobel Prize winners, have urged U.S. President Barack Obama to drop his opposition to charging airlines for carbon emissions under a European Union scheme that has drawn fierce opposition from airlines and governments around the world. The 26 U.S. [...]

Germany reiterated support on Monday for EU law making all airlines pay for carbon emissions, underlining the bloc’s determination not to bow to international pressure to scrap the scheme. The European Union’s requirement that all airlines buy carbon allowances to offset flights that use EU airports has stirred threats of a trade war, with the [...]