From Theaustralian.news.com.au: While you were distracted by crashing banks and clashing US senators, you may have missed a small environmental earthquake. The price of carbon has collapsed.

In only three months, life has become a lot cheaper for polluters. The financial cost of warming the planet has plummeted in Europe’s emissions trading system (ETS) and the effectiveness of such a volatile market mechanism in curbing carbon is being questioned….. Full Article: Source