Business Green: The price of EU Allowances (EUAs) in Europe’s emissions trading scheme (ETS) may have hit an 18 month low last week, but it has not bottomed out yet, according to the latest predictions from research firm IDEAcarbon. The company today released its weekly report on the carbon market, claiming that reduced production among heavy industries and lower oil prices meant the short- to medium-term price floor for EUAs had fallen to just 15 (£12) a tonne. “Taking the EU ETS in …