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The emissions surplus: trading the EU ETS into the ground? / Sabina Manea, Climatico, July 21, 2011http://www.climaticoanalysis.org/post/the-emissions-surplus-trading-the-eu-ets-into-the-ground/A recent report by Sandbag, a leading emissions trading think tank, has revealed that under the EU ETS leading industrial firms have amassed a surplus of 240m emissions allowances (EUAs) between them during the 2008-2010 period. The surplus is estimated to be worth €4.1bn in the market, and is due to the combined effects of over-allocation and the economic downturn...