Guy Newey argues that if the EU is as serious as it says about climate change then it has to correct the flaws in the bloc's emissions trading scheme
Point Carbon analyst warns 'we are now facing the prospect of the carbon prices in Europe inching ever closer to zero'
Supporters hope state-wide cap-and-trade scheme could provide a model for the rest of the country
But tradable allowances barely clear $10 floor price
But Air Resources Board still plans to launch cap-and-trade auction today
Businesses set to buy millions of carbon allowances in first auction today
Power and industrial sector required to cut greenhouse gases by three per cent next year
Air Resources Board stages mock trial of carbon trading auction ahead of November launch
DECC launches new consultation in response to 'red tape challenge' designed to simplify emissions trading scheme compliance
Key committee approves carbon trading legislation, clearing way for parliamentary vote