Are present Cabon Permit prices too Low?

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This seems to be the main point from a UK government-sponsored study to be released later this year as Reported by the Times Green Digest.
The study recommends that the price of European carbon permits should be at least 85 GBP (pounds), about eight times the present price, if they are to meet their goal of getting polluters to cut emissions. Presently carbon permits under Europe’s Emissions Trading Scheme (ETS) are trading at about 11 pounds per ton.

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