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Newsflash

China to have world's 2nd largest carbon trading scheme by 2014

24th January, 2013

China will have the world's second largest carbon trading scheme by 2014, or twice as big as Australia's regime, a latest report showed Thursday.

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Carbon price of $29 'not implausible', says Blair Comley

20th January, 2013

THE head of the federal climate change department says it is "not implausible" the European carbon price could rise to $29 a tonne by mid-2015, when Australia's emissions trading scheme begins.

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Virgin raises prices due to carbon

28th February, 2012

Virgin Australia says its domestic ticket prices will rise by as much as $6 per flight due to the federal government's carbon pricing scheme.

Virgin said on Tuesday that a $1.50 surcharge would be applied for flights of less than 900 kilometres from March 1, rising to $3 for flights between 901-2000 kilometres and $6 for sectors longer than 2000 kilometres.

"These surcharges are consistent with the initial modeling Virgin Australia announced in July 2011, estimating that the average increase per sector would be $A3.00," Virgin said in a statement on Tuesday.

Separately, the airline said a $US3 ($A2.80) surcharge would be added on all its codeshare flights to European Union countries from March 1.

While Virgin does not operate flights to Europe, the airline sold codeshare flights with Etihad Airways from Abu Dhabi to destinations that were part of the European Union's emissions trading scheme.

"The surcharge is applicable on flights into and out of EU countries only," Virgin said.