Carbon Tax

Access and Benefit Sharing: New rules for use of biodiversity

The National Biodiversity Authority has released a new set of rules to manage sharing of benefits generated through the use of biological resources. The Biological Diversity (Access to biological Resources and Knowledge Associated thereto and Fair and Equitable Sharing of Benefits) Regulation 2025 was approved by the Central government and …

EU aims to reach airline emissions deal: Commission

The European Union is "totally committed" to reaching a global deal on carbon emissions from airlines, the Commission said on Thursday as efforts resumed to defuse an international row over the issue. Commission President Jose Manuel Barroso, EU Climate Commissioner Connie Hedegaard and International Civil Aviation Organization (ICAO) President of …

Cabinet to back airlines' no to EU carbon tax

Resolution soon retaliation against EU airlines, air pacts possible, say officials The Union Cabinet is likely to soon pass a resolution endorsing the fact that Indian airliners would not share their specific carbon emission data with European Union (EU) authorities. This will be the first time since the imbroglio began …

US breaks ranks, moots global carbon tax system

New Delhi: 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 capand-trade regime. It had earlier decided along with …

Cabinet may decide to hit back at EU carbon tax

New Delhi: The trade battle with the European Union over the latter’s unilateral decision to impose carbon tax on Indian airlines flying into or via the EU could turn into a full scale war with the Cabinet planning to consider a proposal for counter-measures against EU, including reducing flights and …

Maldives eyes $100 million tourist tax for CO2 plan

A voluntary tax on tourists who visit the luxury resorts and white sands of the Maldives could raise up to $100 million a year towards the country's aim to become carbon neutral by 2020, President Mohamed Waheed said. The Maldives is made up of 1,192 low-lying islands in the Indian …

Emissions trading in New Zealand: development, challenges and design

Successive New Zealand governments have failed to adopt effective climate change policies. A positive, albeit limited, step was taken with the New Zealand Emissions Trading Scheme in 2008, a scheme founded on a framework of comprehensive coverage, applying to all sectors of the economy and all Kyoto gases, addressing the …

World economic and social survey 2012: in search of new development finance

Difficulties in raising sufficient domestic and external resources to finance the internationally agreed development goals, including the Millennium Development Goals (MDGs), along with the numerous drawbacks of traditional aid, are leading the quest for innovative sources of development finance. The World Economic and Social Survey 2012 analyses current and proposed …

Uncertainty hangs over Australia on eve of carbon tax introduction

Centrepiece of the country's clean energy plans, the controversial tax has created uncertainty for business, divided opinion and slashed government approval. Can it succeed? Australia's controversial carbon tax comes into effect on Sunday after years of heated debate that has divided public opinion and driven the Labor government to a …

Court ruling to shift greenhouse gas fight back to Congress

An appeals court decision to uphold proposed federal greenhouse gas rules may shift the fight over regulating the heat-trapping emissions back to Congress, where lawmakers may step up efforts to diminish the EPA's power or renew efforts to set a price on carbon, experts said. The U.S. Court of Appeals …

Maldives shuns CO2 tax seeking tourist cash to make cuts

The Maldives will seek to fund its plan to become carbon-neutral with voluntary donations from visitors, shunning a proposal for an emissions tax on tourists, President Mohamed Waheed said. The low-lying Maldives, a chain of islands in the Indian Ocean, is one of the nations most threatened by the rising …

China considers ways of reducing emissions

Despite leading in some aspects of green technology, such as solar and wind power, China still faces a fight to reduce its level of emissions. China considers ways of reducing emissions Twenty six newly wed couples held a group wedding on the first day of 2012 in Zhanjiang, Guangdong province, …

Asian carbon tax debate set to warm up

The carbon tax has become one of the most politically divisive and bitterly fought tax reforms of this century and governments around the world, and in particular Asia, are debating the issue. In an attempt to cut carbon emissions and reduce the effects of global warming, many countries are implementing …

Australia cuts number of firms to pay carbon tax

Australia will levy a controversial carbon tax on about half the number of companies originally expected, a government list released on Friday shows, which may limit the economic and political impact of the tax which starts on July 1. Prime Minister Julia Gillard has pinned her government's survival on implementing …

EU emissions tax on airlines can spark trade war: IATA

The International Air Transport Association (IATA) warned on Tuesday that some countries may be on the brink of launching a retaliatory trade war against the decision of the European Union to include air travel in the emission trading scheme. The new scheme came into effect from January 1 this year. …

EU Aviation Carbon Spat Seen Unlikely To Reach WTO

Countries that oppose the European Union's move to include airlines in its scheme to control carbon emissions would find it difficult to bring a dispute to the World Trade Organization (WTO), an official with the global trade body said on Friday. China and India have boycotted their airlines from taking …

EU aviation carbon spat seen unlikely to reach WTO

Countries that oppose the European Union's move to include airlines in its scheme to control carbon emissions would find it difficult to bring a dispute to the World Trade Organization (WTO), an official with the global trade body said on Friday. China and India have boycotted their airlines from taking …

Airline blames carbon tax for axing of routes

A REGIONAL airline operating out of Canberra has cited the carbon tax as a ''major factor'' in its decision to axe two of its regular routes in favour of the more lucrative charter business catering to the resources boom. Brindabella Airlines, a Qantas affiliate that runs a small regional network, …

Airlines say carbon law cutting EU off from growth

Rising tensions with India and China over the European Union's "arrogant" law on carbon emissions could rob the region of the markets that can rescue it from economic malaise, airline leaders said on Thursday. They also said they had prepared contingency plans for a possible exit of Greece from the …

China continues opposition to EU emissions scheme

China's civil aviation authority on Wednesday reiterated its opposition to the European Union's imposition of an emissions trading scheme on global aviation, despite a threat from the EU last week to punish Chinese airlines for not cooperating. As talks have so far proven futile, the parties involved expect that a …

Aviation leaders concern EU carbon tax

An aviation conference in Beijing on Wednesday saw leaders of the industry voice strong concern over a European Union (EU) plan to tax international airlines for carbon emissions, and an EU official signal a more flexible attitude from the bloc. Chinese and US aviation authorities and industry associations reiterated opposition …

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