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E.U. wins key round in carbon fight with airlines

The European Union on Thursday won a key legal round against US airlines fighting EU plans to force foreign carriers to buy carbon permits to fly to and out of the 27-nation bloc. An EU system that will require airlines to pay for their CO2 emissions from January 1 “is…

Climate change cost much larger than expected, prize-winning economist says

MADRID – British economist Nicholas Stern said the price of fighting climate change is now higher than he estimated in a 2006 study that earned him a 400,000-euro (530,000) Spanish award on Friday. Stern won the BBVA Foundation award for measuring the economic cost of climate change, notably in his…