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REDDisms

“With current rules ETS won’t work until 2045, thus carbon is worthless. With the current emissions cap – 1.74 percent reduction per year – the ETS will be long each year until 2025 and it will take until 2045 before the current 1.5 billion tons surplus inventory has been eliminated.”

— Per Lekander, an analyst at UBS, January 2013

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