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REDDisms

“What we should be discussing is not floors on price, but governments setting more ambitious targets, which in turn would result in a higher short-term price until such time that the market achieves those targets and the price falls again. The best-case scenario is a very ambitious target and a low price, which would be an indication that the target is close to being achieved.”

— James Emanuel, head of environmental markets at STX Services BV, October 2011

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