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Carbon Market - What Is It Like in the European Market?
The european market came to market just before the great financial crisis in two thousand eight, two thousand nine. So they had a glut of supply for almost ten years. The month of october, we saw that that gas prices had reached incredible prices. I think three 400 % up this year. Eventually your taxing cigarette prices 400%. Yetr's an analogy there for sure. And we want to get to a point where the carbon being mitigated increases. To do that, you need to ride up the marginal ofaintman cost curve.