Norway has proposed to cut its emissions by at least 40% compared with 1990 levels by 2030. Emissions reduction targets are supposed to be developed into emissions budgets from 2021 to 2030 (UNFCCC, 2015c). According to the European Commission, the accumulated surplus of unsold carbon in the system in 2014 exceeded 2.1 billion tonnes, which is more than a year's supply, causing prices to collapse to levels that do not deter coal-burning.