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LONDON, May 5 (Reuters) – The deepening European recession prompted Deutsche Bank to cut its 2009 carbon emissions estimates on Tuesday, but emissions permit prices should rise over the next year, the German bank said in a note on Tuesday.
Deutsche Bank analyst Mark C. Lewis revised his 2009 European Union industrial emissions forecast to 1.97 billion tonnes of carbon dioxide, down 50 million from a previous estimate of 2.02 billion and 150 million below 2008 estimates of 2.12 billion.
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