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REDDisms:

“The price of carbon in the California market is currently about US$11.80 and is unlikely to trade at the low prices currently seen in Europe. But once a Kyoto replacement is in place, the price of carbon in Europe is likely to increase. Other national compliance markets might also be in place that will accept REDD credits.”

— Todd Lemons, Founder of InfiniteEARTH, June 2014

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