Reuters: Record low carbon prices have cut the attractiveness of investments in renewable energy and may even favor the construction of new, high-carbon coal plants, conflicting with the aims of Europe’s carbon market. The EU emissions trading scheme is the 27-nation bloc’s main weapon to fight global warming. It imposes a cap on carbon emissions by factories and power plants using a fixed quota of emissions permits. The scheme is meant to force power plants, for example, to cut their …