Tuesday, July 10, 2012

US breaks ranks, moots global carbon tax system

Times of India: In what could make the trade battle over EU's carbon tax on aviation more complicated for India, the US has suggested that countries adopt a global carbon tax system under the International Civil Aviation Organization (ICAO) and adopt a worldwide cap-and-trade regime. It had earlier decided along with the BASIC group - China, Brazil, South Africa and India - Russia and 20 other countries to oppose the EU move with counter-measures. The US has asked for a meeting of 16 countries on the issue...

URL: http://timesofindia.indiatimes.com/home/environment/developmental-issues/US-breaks-ranks-moots-global-carbon-tax-system/articleshow/14786169.cms

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