US breaks ranks, moots global carbon tax system
In what could make the trade battle over EU's carbon tax on aviation more complicated for India, the US has suggested that countries adopt a global carbon tax system under the International Civil Aviation Organization (ICAO) and adopt a worldwide cap-and-trade regime. It had earlier decided along with the BASIC group — China, Brazil, South Africa and India — Russia and 20 other countries to oppose the EU move with counter-measures.
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