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LUXEMBOURG/BRUSSELS (Reuters) - Europe's highest court gave unreserved backing on Wednesday to an EU law to charge airlines for carbon emissions on flights to and from Europe, a decision likely to escalate tension with trading partners, especially the United States.

The court ruled against a group of U.S. airlines who had challenged a law requiring that all airlines ...

LUXEMBOURG/BRUSSELS (Reuters) - Europe's highest court gave unreserved backing on Wednesday to an EU law that charges airlines for carbon emissions on flights to and from Europe, a decision likely to escalate tension with its trading partners, including the United States.

All airlines flying to and from European Union airports will have to buy permits under the EU's ...

BRUSSELS (Reuters) - European politicians are expected on Tuesday to vote through an amendment that could pave the way for direct intervention in the EU carbon market, which has sunk to record lows.

Businesses and environmentalists have heaped pressure on the European Commission to bolster the EU Emissions Trading Scheme.

It should be the bloc's flagship tool for cutting carbon ...

BRUSSELS (Reuters) - European politicians are expected on Tuesday to vote through an amendment that could pave the way for the first direct intervention in the carbon market, which has sunk to record lows.

Businesses and environmentalists have heaped pressure on the European Commission to find a way of strengthening the EU Emissions Trading Scheme.

It should be the bloc's ...

The province of Quebec announced Thursday the launch of a carbon emissions cap-and-trade system in 2012, days after Canada became the only country to ratify and then withdraw from the Kyoto Protocol.

Starting in January, emitters in Quebec will be able to buy and sell greenhouse gas emission allowances on a local market during an initial trial run that could ...

MEXICO CITY (Reuters) - Mexico City's sleek new public bus system is attracting significant international funding in carbon credit sales, part of the capital's ongoing effort to reduce pollution and green up its smoggy image.

The government of this sprawling metropolis of 9 million recently announced that the first phase of its rapid transit Metrobus system generated almost 846 ...

LONDON (Reuters) - European Union and U.N.-backed carbon prices plunged to new record lows on Wednesday, beset by worries about Europe's economic turmoil and uncertainty about a future global climate pact.

Carbon prices have shed more than 60 percent since June, as Europe's worsening debt crisis dented demand at a time when the EU emissions trading scheme ...

LONDON (Reuters) - Benchmark U.N-backed carbon credits and European Union carbon permits plunged to new record lows on Wednesday, extending this week's sharp drop as worries about Europe's economic turmoil continued to erode demand.

Front-year U.N.-issued carbon credits, so-called certified emission reductions (CERs) fell nearly 10 percent to a new record low of 3.99 euros ...

LONDON (Reuters) - Carbon markets are still on life support after a U.N. climate deal agreed in South Africa on Sunday put off some big decisions until next year and failed to deliver any hope for a needed boost in carbon permit demand.

A package of accords agreed after marathon U.N. talks in Durban extended the 1997 Kyoto Protocol ...

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 ruling was previously expected early next year.

"It will be on December 21 at 1100 CET (1000 GMT ...