| Europe's highest court gave unreserved backing on Wednesday to a European Union (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 US airlines that had challenged a law requiring that all airlines flying to and from airports in the European Union will have to buy permits under the EU's emissions trading scheme from Jan 1. The initial cost is expected to be minimal but would rise to an estimated 9 billion euros ($11.8 billion) by the end of 2020...............................................Full Article: Source
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