China set to boycott EU carbon tax

Source: ABC

China plans to boycott a new European Union tax on airline carbon emissions, becoming the latest in a line of countries to challenge the law.

China’s largest carriers say the tax will cost them too much but the EU says fines for non-compliance will be even steeper.

As part of efforts to combat global warming the EU brought in a law this year to charge foreign airlines for carbon emissions.

Carriers that flout the law will be fined $125 for each tonne of carbon dioxide emitted above the airline’s allowance and serial offenders could even be banned from entering the region.

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