Which of the following statements is true. Question 10 options: If the EU and California continue to reduce carbon emissions at the same pace, they are expected to achieve their 2030 and 2050 emissions targets. The EU and California failed to generate enough abatement for these jurisdictions to meet their 2020 carbon targets. The EU struggled early on with high permit prices making their firm noncompetitive in world markets. Of the TEP systems we've studied in class, permit prices tend to be too low rather than too high