Congress vote on EU carbon tax may block US airlines from paying

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Congress vote on EU carbon tax may block US airlines from paying | World news | guardian.co.uk
Congress threatened to bring chaos to European Union airports on Tuesday, moving towards a vote on a measure that would ban US carriers from paying for their carbon emissions.  The Senate's commerce, science and transportation committee cleared the way for a floor vote on a bill that would make it illegal for US carriers to comply with new EU legislation requiring airlines that use European airports to pay for carbon emissions. The measure has already been approved by the House of Representatives.  In Washington's deeply divided political climate, opposition to the EU's aviation scheme remains one of the only areas where Republicans and Democrats agree.  Both parties supported the moves in Congress, and the Obama administration has also been putting pressure on Europe to back down and leave it to the International Civil Aviation Organisation to take measures to reduce carbon emissions.

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Thomson Reuters Point Carbon's OTC price assessments

		Close	+/-
EUA	Dec 2012	6.88	0.29
sCER	Dec 2012	2.81	0.16

 

 

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California's Carbon Caps are Contentious but Coming

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California's Carbon Caps are Contentious but Coming - Forbes
November marks a big date. It’s not just about a presidential election. It’s also about the kick off to California’s cap-and-trade system to limit carbon emissions.  The Golden State, in fact, will be operating what will become the world’s second largest cap-and-trade program, next to the one run in Europe. It is also getting established at a time when similar congressional attempts to curb greenhouse gas emissions have come to a screeching halt. So, why now and what does it portend for any American revival of such a movement?