Emissions Trading Scheme

Industry body fires first shot in potential trade war with declaration of non-compliance

Carriers will have to buy permits for every tonne of CO2 emitted on flights into and out of EU airports

Scheme will go ahead from January 1 after case brought by US airlines is dismissed

European Court decision will follow preliminary ruling rejecting US complaints over aviation's inclusion in the EU emissions trading scheme

Majority of MEPs vote in favour of plan to restrict supply of EU carbon allowances from 2013

Measures could be taken to reduce oversupply in the market when Denmark takes on six-month EU leadership from January

Letter to Commission argues permits should be held back to boost cap-and-trade system after carbon plummets to €6.30 a tonne

Republican efforts to block US airlines' involvement in EU emissions trading reach the Senate

Official confirms final ruling on whether it is legal to make airlines join emissions trading scheme will be made on 21 December

Analysts say record lows could worsen if Eurozone debt crisis escalates