China Bans its Airlines from EU Carbon Scheme

The Chinese government has banned all of its airlines from joining the EU's carbon trading scheme and banned them from raising prices to pay for the scheme. China claims that the scheme could cost their airlines $124 a year and that this is not possible in the current economic climate. However, the Eu claim that the charges are necessary to pass the cost of polluting onto the consumer.

http://www.bbc.co.uk/news/business-16901106