Emissions Trading Scheme

Europol estimates carbon credit VAT fraud carried out by organised criminals could have cost EU billions in lost tax revenue

Short-haul operators and inefficient airlines likely to see profits hit by inclusion in EU emissions trading scheme

Danish government joins UK, France and Netherlands in imposing new rules to tackle "carousel fraud"

Energy firms predict further increases in carbon price are imminent if phase three allowances are not auctioned earlier

Draft proposals could see about 600 carbon-intensive firms included in carbon trading scheme from 2012

Opponents say taxpayers will pay for burden of concessions offered to polluters

MPs told over $5bn of tourism dollars are at risk if reef is allowed to die

Report warns attempts to protect industry from emissions trading scheme will simply shift costs to consumers

Amendments may also give farmers a chance to sell carbon offsets on the open market

Metals, building materials, textiles and ceramics could all receive free pollution permits to help tackle threat of "carbon leakage"