BREAKING: Combet announcement on floor price and EU link

Minister Combet will hold a press conference at 2pm today on progress with linking Australia's carbon price with the EU ETS. This is widely anticipated to include changes to the carbon floor price and greater constraints on use of CERs.

Editor's note: At the press conference Mr Combet confirmed the floor price will be scrapped, one-way link with EU ETS to start on July, 2015 and two-way link with EU ETS hopefully to begin by July, 2018.

The Minister for Climate Change and Energy Efficiency, Greg Combet, has issued a media alert announcing he will hold a press conference at 2pm today to discuss progress on linking with the European Union Emissions Trading System.

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