Guardian: The price of carbon has hit new lows as power generators and industrial companies continue to cash in credits under the emissions trading scheme (ETS) to bolster their balance sheets. The price of European Union allowances under the second phase of the ETS has plunged to 10.15 (£8.8) per tonne compared with highs of more than 30 in July last year. Analysts at Barclays Capital warned the price could fall further to 9 while Utilyx, the carbon information provider, said: “There …