THE European Union’s (EU’s) highest court ruled yesterday that the EU can charge all airlines flying to or from European airports to offset their carbon emissions, a move that could threaten the profitability of African airlines like state-owned South African Airways (SAA). Aviation accounts for 3% of global greenhouse gas emissions. Carbon trading was designed [...]

By Luke Baker and David Lawder BRUSSELS/BERLIN | Tue Dec 6, 2011 5:41pm EST BRUSSELS/BERLIN (Reuters) – Treasury Secretary Timothy Geithner threw his weight on Tuesday behind a Franco-German plan to tackle the euro zone’s sovereign debt crisis and said the European Central Bank had to play a major role in any solution. Geithner offered [...]

EU court to rule on airline CO2 cap on Dec. 21: EU source DURBAN, South Africa (Reuters) – The European Union’s highest court is expected to give its final ruling on December 21 on a European law that would force all airlines to pay for their carbon emissions, an EU source said on Tuesday. The [...]

By Catherine Bremer and Daniel Flynn PARIS | Mon Dec 5, 2011 6:00pm EST PARIS (Reuters) – The leaders of France and Germany agreed a master plan involving treaty change on Monday to impose budget discipline across the euro zone as a top rating agency piled on pressure for a rapid solution to the EU [...]