Emissions trading: Climate-change ‘Clash of the Titans’?

US, China and Russia fire back at EU ETS

Capitol Hill saw strange political 'habitués' as the Obama administration, House Republicans, the aviation industry and labour groups all joined in opposition to the cap-and-trade system. At the heart of the issue was the European Union's decision to extend its emissions-trading programme to foreign airlines operating in Europe, requiring them either to reduce pollution or pay a charge.

US air carriers denounced the move as an illegal tax and subsequently filed sui...

This story is part of New Europe's Premium content.

To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑
new europe join now