Emissions Trading Scheme

European Parliament seeking pact to head off threat of legal action from US carriers over plans to extend emission trading scheme to cover aviation

Analysts predict average price of credits in European Trading Scheme to hit €32 per tonne

Despite rising fuel prices, European Commission ploughs on with climate change and energy plans

Carbon Trust report advises that with carbon prices capable of hitting €50 per tonne post-2013, firms should be thinking now about cutting emissions

Environment Committee pushes for aviation to be included in cap-and-trade scheme from 2011, adding around €40 to cost of transatlantic flights

Analysts warn fundamentals in EU carbon market suggest significant increase in price of carbon over next four years

Environment commissioner claims emissions trading is "yielding results" after emissions from firms covered by ETS climbed just 0.68 per cent in 2007

Business leaders urge government to reinvest revenue raised from carbon credit auctions in green initiatives