China’s four biggest airlines have said they will not pay carbon allowances demanded by European Union under its six-year-old emissions trading system. The fees, which the E.U. has said must be paid by all airlines that fly into European airports, went into effect January 1. (Read more at The Guardian.)
The United States has been more quiet about its opposition to the new carbon fees, but Reuters reports that the Obama administration has been mulling its retaliation options. Meanwhile, American Airlines, US Airways Group Inc, Delta Air Lines Inc and United Airlines have each added small surcharges to flights between the U.S. and Europe in order to help offset the new costs. (Read more at Reuters.)
U.S. Department of Energy decided against finalizing a $730 million loan to Severstal North America, which would have gone toward the manufacturing of lightweight, high-strength automotive steel. As The Hill’s E2 Wire notes, the loan proposal had come under heavy scrutiny by Republican lawmakers, several of whom applauded the decision to not to proceed with it. Disappointed company officials told Reuters that the technology the loan would have funded is “absolutely critical” to auto manufacturers aiming to meet more stringent fuel efficiency standards. (Read more at Reuters and The Hill’s E2 Wire.)
Toyota says Prius sales will set a record this year. The company, which is banking on its new smaller model, the ‘c,’ to bolster sales, expects consumers to purchase over 220,000 Prius vehicles in 2012. (Read more at Bloomberg.)
Republican Presidential candidate Mitt Romney declined to take a position on the Environmental Protection Agency’s cross-state air pollution rule. The rule, which was finalized last July and requires states to reduce power plant sulfur dioxide and nitrogen oxide emissions that blow across state lines, has so far survived attempts by Congressional Republicans to kill it. (Read more at The Hill’s E2 Wire.)
A quick guide to the most important AI law you’ve never heard of
The European Union is planning new legislation aimed at curbing the worst harms associated with artificial intelligence.
It will soon be easy for self-driving cars to hide in plain sight. We shouldn’t let them.
If they ever hit our roads for real, other drivers need to know exactly what they are.
Crypto is weathering a bitter storm. Some still hold on for dear life.
When a cryptocurrency’s value is theoretical, what happens if people quit believing?
Artificial intelligence is creating a new colonial world order
An MIT Technology Review series investigates how AI is enriching a powerful few by dispossessing communities that have been dispossessed before.
Get the latest updates from
MIT Technology Review
Discover special offers, top stories, upcoming events, and more.