Top EU court says carbon airline law valid

LUXEMBOURG/BRUSSELS (Reuters) - Europe's highest court gave unreserved backing on Wednesday to an EU law that charges airlines for carbon emissions on flights to and from Europe, a decision likely to escalate tension with its trading partners, including the United States. All airlines flying to and from European Union airports will have to buy permits under the EU's emissions trading scheme from January 1, the European Court of Justice (ECJ) ruled. The initial cost is expected to be minimal but then rise to an estimated 9 billion euros ($11.8 billion) by the end of 2020. ...